Form 4: Great Southern Bancorp Director Douglas M. Pitt Reports Stock Acquisition and Option Holdings
SEC Form 4
Director Douglas M. Pitt reports acquiring 57 shares of Great Southern Bancorp through a dividend reinvestment plan and holds options to purchase 16,000 shares.
Summary
- On January 14, 2025, Douglas M. Pitt, a director of Great Southern Bancorp, acquired 57 shares of common stock at a price of $57.7236 per share.
- This acquisition was part of a dividend reinvestment plan (DRIP) and is exempt from Section 16 reporting, but is being reported voluntarily.
- Following the transaction, Pitt directly owns 11,302 shares of Great Southern Bancorp common stock.
- Pitt also holds options to purchase a total of 16,000 shares of common stock at various exercise prices and expiration dates, vesting in installments.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's participation in the DRIP is a positive sign, but the filing is primarily a routine disclosure of transactions.
Positives
- The director's participation in the dividend reinvestment plan demonstrates confidence in the company's future.
- The director continues to hold a significant number of shares and options, aligning his interests with those of other shareholders.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in the financial services industry. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in the financial industry.
- Comparing the option grants and vesting schedules to those of peer companies like Commerce Bancshares or UMB Financial Corporation could provide insights into Great Southern Bancorp's compensation practices.
- Analyzing the frequency and size of insider purchases and sales relative to industry averages can offer a broader perspective on management's sentiment.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
- The director's continued investment in the company may be viewed positively by stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/15/2019 | First vesting date for 500 shares at exercise price $52.2 |
| 11/28/2020 | First vesting date for 500 shares at exercise price $55 |
| 11/20/2021 | First vesting date for 500 shares at exercise price $60.15 |
| 10/26/2022 | First vesting date for 500 shares at exercise price $41.74 |
| 11/17/2023 | First vesting date for 500 shares at exercise price $57.98 |
| 11/16/2024 | First vesting date for 500 shares at exercise price $61.55 |
| 01/14/2025 | Date of common stock acquisition through DRIP |
| 03/04/2025 | Date of report |
| 11/15/2025 | First vesting date for 500 shares at exercise price $53.22 |
| 11/20/2026 | First vesting date for 500 shares at exercise price $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 |
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