GSBC.NASDAQGreat Southern Bancorp, INC

Form 4: Great Southern Bancorp Director Julie A. Brown Acquires Stock Options

Sentiment:

SEC Form 4

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Director Julie A. Brown of Great Southern Bancorp has acquired stock options for 2,000 shares at $61.79 each, exercisable over the next several years.

Summary

  • Julie A. Brown, a director at Great Southern Bancorp, has reported the acquisition of stock options.
  • These options are for a total of 2,000 shares of common stock at an exercise price of $61.79 per share.
  • The options vest in tranches of 500 shares each, exercisable annually from 2026 to 2029.
  • Ms. Brown also holds 32,896 shares directly, 7,540 shares indirectly through children's accounts, and 369,738 shares indirectly through a family partnership.
  • The report also details previously granted options with various exercise prices and vesting schedules.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. There is no indication of any negative sentiment.

Positives

  • The acquisition of stock options by a director signals 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.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

  • Stock option grants are a common form of compensation for directors and executives in the financial services industry.
  • The vesting schedules and exercise prices are typical for such grants, aligning with industry norms for incentivizing long-term performance.
  • The level of share ownership by Ms. Brown is not unusual for a director of a regional bank.

Stakeholder Impact

  • The stock option grant may be viewed positively by shareholders as it aligns the director's interests with the company's performance.
  • The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
11/15/2019Vesting date for 500 shares of options with an exercise price of $52.2.
11/28/2020Vesting date for 500 shares of options with an exercise price of $55.
11/20/2021Vesting date for 500 shares of options with an exercise price of $60.15.
11/17/2023Vesting date for 500 shares of options with an exercise price of $57.98.
10/26/2025Vesting date for 500 shares of options with an exercise price of $41.74.
11/15/2025Vesting date for 500 shares of options with an exercise price of $53.22.
11/20/2024Date of the reported transaction and grant of new options.
11/22/2024Date of signature of the report.
11/15/2027Vesting date for 500 shares of options with an exercise price of $52.2.
11/28/2028Vesting date for 500 shares of options with an exercise price of $55.
11/20/2029Vesting date for 500 shares of options with an exercise price of $60.15.
10/26/2030Vesting date for 500 shares of options with an exercise price of $41.74.
11/17/2031Vesting date for 500 shares of options with an exercise price of $57.98.
11/16/2032Vesting date for 500 shares of options with an exercise price of $61.55.
11/15/2033Vesting date for 500 shares of options with an exercise price of $53.22.
11/20/2034Expiration date for all options granted on 11/20/2024.

Keywords

stock options, insider trading, beneficial ownership, director, Great Southern Bancorp, GSBC, equity securities

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