Form 4: Great Southern Bancorp Director Douglas M. Pitt Acquires Shares Through DRIP and Holds Multiple Stock Options
SEC Form 4 Filing
Director Douglas M. Pitt acquired 65 shares of Great Southern Bancorp through a Dividend Reinvestment Plan (DRIP) and holds options to purchase 16,000 shares.
Summary
- On April 14, 2025, Douglas M. Pitt, a director of Great Southern Bancorp, acquired 65 shares of common stock through a DRIP at a price of $49.8657 per share.
- Following this transaction, Pitt directly owns 11,367 shares of Great Southern Bancorp.
- Pitt also holds options to purchase a total of 16,000 shares of common stock at various exercise prices and expiration dates.
- These options vest in installments, typically 500 shares per year over a four-year period.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's participation in the DRIP and holding of stock options suggests confidence in the company. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.
Positives
- The director's participation in the DRIP indicates confidence in the company's future.
- The director holds a significant number of shares and options, aligning his interests with those of shareholders.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Comparing Great Southern Bancorp to similar regional banks, insider ownership levels and option grants are generally used as indicators of management alignment with shareholder interests.
- Companies like Commerce Bancshares (CBSH) and UMB Financial Corporation (UMBF) also have regular insider transaction filings, which can be compared to GSBC to assess relative insider activity.
- Option grants are a common form of executive compensation in the banking industry, and the vesting schedules are typically structured to incentivize long-term performance.
Stakeholder Impact
- The director's stock ownership aligns his interests with those of shareholders.
- The DRIP acquisition has a minimal impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 11/16/2024 | First vesting date for 500 shares of options with an exercise price of $61.55. |
| 04/14/2025 | Date of common stock acquisition through DRIP. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
| 11/15/2025 | First vesting date for 500 shares of options with an exercise price of $53.22. |
| 11/20/2026 | First vesting date for 500 shares of options with an exercise price of $61.79. |
| 11/15/2027 | Expiration date for options to purchase 2,000 shares at $52.2. |
| 11/28/2028 | Expiration date for options to purchase 2,000 shares at $55. |
| 11/20/2029 | Expiration date for options to purchase 2,000 shares at $60.15. |
| 10/26/2030 | Expiration date for options to purchase 2,000 shares at $41.74. |
| 11/17/2031 | Expiration date for options to purchase 2,000 shares at $57.98. |
| 11/16/2032 | Expiration date for options to purchase 2,000 shares at $61.55. |
| 11/15/2033 | Expiration date for options to purchase 2,000 shares at $53.22. |
| 11/20/2034 | Expiration date for options to purchase 2,000 shares at $61.79. |
Keywords
Form 4, Director, Douglas M. Pitt, Great Southern Bancorp, GSBC, Stock Options, DRIP, Dividend Reinvestment Plan, Beneficial Ownership, Securities
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