Form 4: Great Southern Bancorp Director Acquires Stock Options
SEC Form 4
Debra Mallonee Hart, a director at Great Southern Bancorp, acquired stock options on November 20, 2024.
Summary
- Debra Mallonee Hart, a director of Great Southern Bancorp, acquired 2,000 stock options on November 20, 2024, at an exercise price of $61.79.
- These options are divided into four tranches of 500 options each, with different vesting start dates ranging from November 20, 2026, to November 20, 2029.
- The options expire on November 20, 2034.
- Ms. Hart also holds previously granted options with various exercise prices and vesting schedules.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction of stock options to a director, which is generally viewed as a neutral to slightly positive event. It indicates confidence from the director in the company's future.
Positives
- The acquisition of stock options by a director can be seen as a positive sign of 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.
Risks
- The value of the options is dependent on the future performance of the company's stock price.
- There is a risk that the stock price may not reach the exercise price, rendering the options worthless.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any specific industry trend.
Comparison to Industry Standards
- Stock option grants to directors are a common practice in publicly traded companies as part of their compensation packages.
- The vesting schedules and exercise prices are typical for such grants, designed to align the director's interests with the company's long-term performance.
- Comparable companies in the financial sector also use stock options as a form of compensation for their directors and executives.
Stakeholder Impact
- The stock option grant could have a minor positive impact on shareholder sentiment, as it indicates a director's belief in the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/15/2019 | First vesting date for 1,250 shares of options with an exercise price of $51.4. |
| 11/15/2019 | First vesting date for 500 shares of options with an exercise price of $52.2. |
| 11/28/2020 | First vesting date for 500 shares of options with an exercise price of $55. |
| 11/20/2021 | First vesting date for 500 shares of options with an exercise price of $60.15. |
| 10/26/2022 | First vesting date for 500 shares of options with an exercise price of $41.74. |
| 11/17/2023 | First vesting date for 500 shares of options with an exercise price of $57.98. |
| 11/20/2024 | Date of the reported transaction where 2,000 options were granted at $61.79, and first vesting date for 500 shares of options with an exercise price of $60.15 and 500 shares of options with an exercise price of $61.55. |
| 11/16/2024 | First vesting date for 500 shares of options with an exercise price of $61.55. |
| 10/26/2025 | Last vesting date for 500 shares of options with an exercise price of $41.74. |
| 11/15/2025 | First vesting date for 500 shares of options with an exercise price of $53.22. |
| 11/17/2026 | Last vesting date for 500 shares of options with an exercise price of $57.98. |
| 11/20/2026 | First vesting date for 500 shares of options with an exercise price of $61.79. |
| 11/16/2027 | Last vesting date for 500 shares of options with an exercise price of $61.55. |
| 11/15/2028 | Last vesting date for 500 shares of options with an exercise price of $53.22. |
| 11/20/2029 | Last vesting date for 500 shares of options with an exercise price of $61.79. |
| 10/26/2030 | Expiration date for options with an exercise price of $41.74. |
| 11/17/2031 | Expiration date for options with an exercise price of $57.98. |
| 11/16/2032 | Expiration date for options with an exercise price of $61.55. |
| 11/15/2033 | Expiration date for options with an exercise price of $53.22. |
| 11/20/2034 | Expiration date for all options granted on 11/20/2024. |
Keywords
stock options, insider trading, director, Great Southern Bancorp, GSBC, equity, vesting, executive compensation
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