Form 4: Great Southern Bancorp Director Exercises Options and Sells Shares
SEC Form 4 Filing
William V. Turner, a director of Great Southern Bancorp, exercised options to purchase 6,000 shares of common stock at $32.59 and sold the same amount at $63.1903 on July 31, 2024.
Summary
- On July 31, 2024, William V. Turner, a director of Great Southern Bancorp, exercised options to acquire 6,000 shares of common stock at a price of $32.59 per share.
- Simultaneously, Turner sold 6,000 shares of Great Southern Bancorp common stock at $63.1903 per share.
- Following these transactions, Turner directly owns 214,532 shares of Great Southern Bancorp common stock.
- Turner also indirectly owns 9,899 shares through the company's 401(k) plan.
- Turner holds options to purchase a total of 62,850 additional shares at prices ranging from $41.30 to $61.55, which vest in installments through November 15, 2033.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It allows investors to monitor the actions of those with intimate knowledge of the company's operations and prospects.
Comparison to Industry Standards
- Insider trading activity is common across publicly listed companies, and Form 4 filings are a standard part of regulatory compliance.
- The exercise of options and subsequent sale of shares is a typical wealth management strategy for executives and directors.
- Comparable companies such as Commerce Bancshares (CBSH) and UMB Financial Corporation (UMBF) also have regular Form 4 filings related to insider transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the supply of shares in the market.
- The director's actions could be interpreted as a sign of confidence (exercising options) or a desire to realize gains (selling shares).
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
| 10/15/2016 | Vesting start date for 1,500 shares at $32.59. |
| 11/18/2017 | Vesting start date for 1,500 shares at $50.71. |
| 10/24/2018 | Vesting start date for 1,500 shares at $41.30. |
| 11/15/2019 | Vesting start date for 1,500 shares at $52.20. |
| 11/28/2020 | Vesting start date for 1,750 shares at $55.00. |
| 11/20/2021 | Vesting start date for 1,750 shares at $60.15. |
| 10/26/2022 | Vesting start date for 1,875 shares at $41.74. |
| 11/17/2023 | Vesting start date for 1,938 shares at $57.98. |
| 11/16/2024 | Vesting start date for 1,950 shares at $61.55. |
| 11/15/2025 | Vesting start date for 1,950 shares at $53.22. |
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