Form 4: Great Southern Bancorp Director Douglas M. Pitt Acquires Shares Through DRIP and Holds Options
SEC Form 4 Filing
Director Douglas M. Pitt acquired 54 shares of Great Southern Bancorp through a Dividend Reinvestment Plan (DRIP) and holds options to purchase 14,000 shares.
Summary
- On July 16, 2024, Douglas M. Pitt, a director of Great Southern Bancorp, acquired 54 shares of common stock through a Dividend Reinvestment Plan (DRIP) at a price of $58.911 per share.
- Following this transaction, Pitt directly owns 11,189 shares of Great Southern Bancorp.
- Pitt also holds options to purchase a total of 14,000 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: 6
Explanation: The document reflects standard insider trading activity, which is neither overtly positive nor negative. The director's participation in the DRIP is a mildly positive signal.
Positives
- The director's participation in the DRIP indicates confidence in the company's future.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates routine activity related to director compensation and investment.
Comparison to Industry Standards
- Director stock ownership and option grants are common forms of compensation in the banking industry.
- Comparing the size of Pitt's holdings and option grants to those of directors at peer banks of similar size and market capitalization would provide a benchmark for assessing the significance of these holdings.
- Companies like Commerce Bancshares (CBSH) and UMB Financial Corporation (UMBF) could be considered peers for comparison.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company director.
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. |
| 07/16/2024 | Date of common stock acquisition through DRIP. |
| 11/16/2024 | First vesting date for 500 shares of options with an exercise price of $61.55. |
| 11/15/2025 | First vesting date for 500 shares of options with an exercise price of $53.22. |
| 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. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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