GSBC.NASDAQGreat Southern Bancorp, INC
Form 4: Great Southern Bancorp Director Julie A. Brown Reports Stock Acquisition and Option Holdings
Sentiment:
SEC Form 4
Director Julie A. Brown acquired 50 shares of Great Southern Bancorp stock through a dividend reinvestment program and holds significant stock options.
Summary
- On July 16, 2024, Julie A. Brown, a director of Great Southern Bancorp, acquired 50 shares of common stock through a dividend reinvestment program (DRIP) at a price of $60 per share.
- This transaction is exempt from Section 16 reporting and is being reported voluntarily.
- Following the transaction, Brown directly owns 32,896 shares of common stock.
- Brown also indirectly owns 7,489 shares through children's accounts and 369,738 shares through an LTD Family Partnership.
- Brown holds options to purchase a total of 15,000 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports transactions and holdings, without expressing any explicit positive or negative views.
Positives
- The director's participation in the DRIP program signals confidence in the company's future.
- The director has significant holdings in the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Comparing Julie Brown's holdings and option grants to those of directors at similar-sized regional banks like Commerce Bancshares (CBSH) or UMB Financial Corporation (UMBF) could provide context on whether her compensation and equity stake are typical.
- Analyzing the vesting schedules of her options against industry norms for executive compensation can also offer insights into the company's long-term incentive structure.
Stakeholder Impact
- The director's stock ownership aligns her interests with those of other shareholders.
- The DRIP participation shows a commitment to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of stock acquisition through DRIP |
| 10/24/2020 | First vesting date for 500 shares of options at $41.3 |
| 10/24/2021 | Second vesting date for 500 shares of options at $41.3 |
| 11/15/2019 | First vesting date for 500 shares of options at $52.2 |
| 11/15/2020 | Second vesting date for 500 shares of options at $52.2 |
| 11/15/2021 | Third vesting date for 500 shares of options at $52.2 |
| 11/15/2022 | Fourth vesting date for 500 shares of options at $52.2 |
| 11/28/2020 | First vesting date for 500 shares of options at $55 |
| 11/28/2021 | Second vesting date for 500 shares of options at $55 |
| 11/28/2022 | Third vesting date for 500 shares of options at $55 |
| 11/28/2023 | Fourth vesting date for 500 shares of options at $55 |
| 11/20/2021 | First vesting date for 500 shares of options at $60.15 |
| 11/20/2022 | Second vesting date for 500 shares of options at $60.15 |
| 11/20/2023 | Third vesting date for 500 shares of options at $60.15 |
| 11/20/2024 | Fourth vesting date for 500 shares of options at $60.15 |
| 10/26/2022 | First vesting date for 500 shares of options at $41.74 |
| 10/26/2023 | Second vesting date for 500 shares of options at $41.74 |
| 10/26/2024 | Third vesting date for 500 shares of options at $41.74 |
| 10/26/2025 | Fourth vesting date for 500 shares of options at $41.74 |
| 11/17/2023 | First vesting date for 500 shares of options at $57.98 |
| 11/17/2024 | Second vesting date for 500 shares of options at $57.98 |
| 11/17/2025 | Third vesting date for 500 shares of options at $57.98 |
| 11/17/2026 | Fourth vesting date for 500 shares of options at $57.98 |
| 11/16/2024 | First vesting date for 500 shares of options at $61.55 |
| 11/16/2025 | Second vesting date for 500 shares of options at $61.55 |
| 11/16/2026 | Third vesting date for 500 shares of options at $61.55 |
| 11/16/2027 | Fourth vesting date for 500 shares of options at $61.55 |
| 11/15/2025 | First vesting date for 500 shares of options at $53.22 |
| 11/15/2026 | Second vesting date for 500 shares of options at $53.22 |
| 11/15/2027 | Third vesting date for 500 shares of options at $53.22 |
| 11/15/2028 | Fourth vesting date for 500 shares of options at $53.22 |
| 08/19/2024 | Date of signature on the report |
| 10/24/2026 | Expiration date for options to purchase 1,000 shares at $41.3 |
| 11/15/2027 | Expiration date for options to purchase 3,000 shares at $52.2 |
| 11/28/2028 | Expiration date for options to purchase 5,000 shares at $55 |
| 11/20/2029 | Expiration date for options to purchase 7,000 shares at $60.15 |
| 10/26/2030 | Expiration date for options to purchase 9,000 shares at $41.74 |
| 11/17/2031 | Expiration date for options to purchase 11,000 shares at $57.98 |
| 11/16/2032 | Expiration date for options to purchase 13,000 shares at $61.55 |
| 11/15/2033 | Expiration date for options to purchase 15,000 shares at $53.22 |
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