Form 4: Great Southern Bancorp Director William Turner Reports Stock Sale and Option Holdings
SEC Form 4 Filing
Director William Turner of Great Southern Bancorp sold 4,420 shares of common stock at $56.14 per share and disclosed holdings in the company's 401(k) plan and various stock options.
Summary
- William Turner, a director of Great Southern Bancorp, reported a transaction involving the company's common stock on August 15, 2024.
- He sold 4,420 shares at a price of $56.14 per share.
- Following the transaction, Turner directly owns 210,112 shares of Great Southern Bancorp common stock.
- He also indirectly owns 9,899 shares through the company's 401(k) plan.
- Turner holds options to purchase a total of 62,850 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's typical for directors and officers to have stock options as part of their compensation, aligning their interests with shareholders.
Comparison to Industry Standards
- Comparing Turner's holdings and transactions to those of insiders at similar regional banks would provide context.
- For example, examining Form 4 filings of directors at Commerce Bancshares (CBSH) or UMB Financial Corporation (UMBF) could offer insights into typical insider ownership and trading patterns in the banking sector.
- Option grants are a common form of executive compensation in the banking industry, but the specific terms (exercise price, vesting schedule, expiration date) can vary significantly between companies.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction in the context of the overall outstanding shares.
- The disclosure of option holdings provides transparency to shareholders regarding potential future dilution.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of common stock transaction (sale of 4,420 shares). |
| 08/16/2024 | Date of signature on the Form 4 filing. |
| 11/18/2025 | Expiration date for options to purchase 6,000 shares at $50.71. |
| 10/24/2026 | Expiration date for options to purchase 6,000 shares at $41.3. |
| 11/15/2027 | Expiration date for options to purchase 6,000 shares at $52.2. |
| 11/28/2028 | Expiration date for options to purchase 7,000 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 7,500 shares at $41.74. |
| 11/17/2031 | Expiration date for options to purchase 7,750 shares at $57.98. |
| 11/16/2032 | Expiration date for options to purchase 7,800 shares at $61.55. |
| 11/15/2033 | Expiration date for options to purchase 7,800 shares at $53.22. |
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