Form 4: Great Southern Bancorp Director Reports Stock Acquisition and Option Holdings
SEC Form 4 Filing
Director Debra Mallonee Hart reports a stock acquisition through a dividend reinvestment plan and details her holdings of options to purchase Great Southern Bancorp common stock.
Summary
- On January 14, 2025, Debra Mallonee Hart, a director of Great Southern Bancorp, acquired 13 shares of common stock at a price of $57.7236 per share through a dividend reinvestment plan (DRIP).
- Following this transaction, Hart directly owns 1,944 shares of Great Southern Bancorp common stock.
- Hart also holds options to purchase a total of 21,000 shares of common stock, with various exercise prices and expiration dates ranging from 2027 to 2034.
- The options vest in installments, typically over a four-year period.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions and option holdings. The DRIP participation is mildly positive, suggesting confidence.
Positives
- The director's participation in the DRIP demonstrates confidence in the company's future.
- The vesting schedules of the options suggest a long-term commitment to the company.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders. It provides transparency regarding the trading activities and holdings of company directors, which can be informative for investors.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis.
- Comparing the option grants and vesting schedules to those of peer companies like Commerce Bancshares (CBSH) or UMB Financial Corporation (UMBF) can provide insights into Great Southern Bancorp's compensation practices.
- Analyzing the ratio of options to outstanding shares can indicate potential dilution.
Stakeholder Impact
- Shareholders may view the director's stock acquisition as a positive signal.
- The information on option holdings provides transparency to shareholders regarding potential dilution.
Key Dates
| Date | Description |
|---|---|
| 03/15/2019 | First vesting date for 1,250 option shares at $51.4 |
| 11/15/2019 | First vesting date for 500 option shares at $52.2 |
| 11/28/2020 | First vesting date for 500 option shares at $55 |
| 11/20/2021 | First vesting date for 500 option shares at $60.15 |
| 10/26/2022 | First vesting date for 500 option shares at $41.74 |
| 11/17/2023 | First vesting date for 500 option shares at $57.98 |
| 01/14/2025 | Date of common stock acquisition through DRIP |
| 03/04/2025 | Date of signature on the Form 4 filing |
| 11/16/2024 | First vesting date for 500 option shares at $61.55 |
| 11/15/2025 | First vesting date for 500 option shares at $53.22 |
| 11/20/2026 | First vesting date for 500 option shares at $61.79 |
| 03/15/2027 | Expiration date for options to purchase 5,000 shares at $51.4 |
| 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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