Form 4: Great Southern Bancorp Director Acquires Stock Options
SEC Form 4
Director Earl A. Steinert Jr. acquired stock options for 2,000 shares of Great Southern Bancorp common stock at a price of $61.79 per share, and additional options at various prices.
Summary
- Earl A. Steinert Jr., a director at Great Southern Bancorp, acquired options to purchase 2,000 shares of common stock at $61.79 per share on November 20, 2024.
- These options are part of a series of grants with different vesting schedules and exercise prices.
- The director also holds options to purchase an additional 9,000 shares at prices ranging from $41.74 to $61.55, with vesting dates extending to 2033.
- Following these transactions, Mr. Steinert directly owns 939,596 shares of common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, which is generally positive as it indicates alignment of interests between management and shareholders. There is no indication of any negative sentiment.
Positives
- The acquisition of stock options by a director can be seen as a positive sign, indicating confidence in the company's future performance.
- The vesting schedule of the options aligns the director's interests with the long-term success of the company.
Industry Context
This is a routine filing related to stock option grants to a company director, which is a common practice in publicly traded companies to incentivize management and align their interests with shareholders.
Comparison to Industry Standards
- Stock option grants are a standard form of compensation for directors and executives in the financial services industry.
- The vesting schedules and exercise prices are typical for such grants, designed to incentivize long-term performance.
- Companies like Bank of America, JP Morgan Chase, and Wells Fargo also use stock options as part of their compensation packages for directors and executives.
Stakeholder Impact
- The stock option grants may have a positive impact on shareholders by aligning the director's interests with the company's long-term performance.
- The grants do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/20/2024 | Date of the latest stock option transaction. |
| 11/20/2026 | Expiration date of some of the options granted on 11/20/2024. |
| 11/20/2027 | Expiration date of some of the options granted on 11/20/2024. |
| 11/20/2028 | Expiration date of some of the options granted on 11/20/2024. |
| 11/20/2029 | Expiration date of some of the options granted on 11/20/2024. |
| 10/26/2030 | Expiration date of some of the options. |
| 11/17/2031 | Expiration date of some of the options. |
| 11/16/2032 | Expiration date of some of the options. |
| 11/15/2033 | Expiration date of some of the options. |
| 11/20/2034 | Expiration date of all options granted on 11/20/2024. |
| 11/22/2024 | Date the form was signed. |
Keywords
stock options, insider trading, beneficial ownership, director, Great Southern Bancorp, GSBC, equity securities
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