GSBC.NASDAQGreat Southern Bancorp, INC

Form 4: Great Southern Bancorp Director William V. Turner Gifts 11,000 Shares

Sentiment:

Insider Transaction Report

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Great Southern Bancorp, Inc. Director William V. Turner reported gifting 11,000 shares of common stock valued at $56.33 per share, reducing his direct beneficial ownership to 199,112 shares.

Summary

  • William V. Turner, a Director of Great Southern Bancorp, Inc. (GSBC), reported a disposition of 11,000 shares of common stock on May 28, 2025.
  • The transaction was coded as a 'G', indicating a gift, with the shares valued at $56.33 per share.
  • Following this gift, Mr. Turner directly beneficially owns 199,112 shares of common stock.
  • He also holds an indirect beneficial ownership of 9,454 shares through a 401(k) Plan.
  • Mr. Turner retains significant derivative holdings, including options to purchase a total of 64,650 shares of common stock, with exercise prices ranging from $41.30 to $61.79 and expiration dates extending from October 24, 2026, to November 20, 2034.

Sentiment

Score: 6

Explanation: The gift of shares by a director is a neutral to slightly positive event. It indicates a disposition of shares, but as a gift, it doesn't signal a lack of confidence in the company. The director retains substantial direct and indirect ownership, along with significant option holdings, maintaining alignment with shareholder interests.

Positives

  • The transaction is a gift, which typically implies philanthropic or estate planning purposes rather than a sale for liquidity, generally viewed neutrally to positively regarding the insider's long-term commitment.
  • The director retains a substantial direct beneficial ownership of 199,112 shares, along with indirect holdings and significant option grants, indicating continued alignment with shareholder interests.

Negatives

  • The direct beneficial ownership of the director has decreased by 11,000 shares as a result of the gift.

Future Outlook

NA

Industry Context

This Form 4 filing details an individual director's equity transaction (a gift of shares) within Great Southern Bancorp, Inc., a financial institution. Such transactions are routine disclosures for corporate insiders and do not inherently reflect broader industry trends or competitive dynamics within the banking sector, but rather individual financial planning or philanthropic activities.

Related Party Transactions

  • The transaction involves a gift of shares by a director, which could be considered a related party transaction if the recipient is a related party, though the document does not specify the recipient.

Stakeholder Impact

  • Shareholders: The direct beneficial ownership of a director has decreased by 11,000 shares, a minor change in the overall outstanding shares, but the director retains significant holdings, maintaining alignment with shareholder interests.
  • Employees: No direct impact on employees is indicated by this filing.
  • Customers: No direct impact on customers is indicated by this filing.
  • Suppliers: No direct impact on suppliers is indicated by this filing.
  • Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

DateDescription
10/24/2018Vesting of 1,500 shares from option grant with $41.30 exercise price.
10/24/2019Vesting of 1,500 shares from option grant with $41.30 exercise price.
11/15/2019Vesting of 1,500 shares from option grant with $52.20 exercise price.
10/24/2020Vesting of 1,500 shares from option grant with $41.30 exercise price.
11/15/2020Vesting of 1,500 shares from option grant with $52.20 exercise price.
11/28/2020Vesting of 1,750 shares from option grant with $55.00 exercise price.
10/24/2021Vesting of 1,500 shares from option grant with $41.30 exercise price.
11/15/2021Vesting of 1,500 shares from option grant with $52.20 exercise price.
11/20/2021Vesting of 1,750 shares from option grant with $60.15 exercise price.
11/28/2021Vesting of 1,750 shares from option grant with $55.00 exercise price.
11/15/2022Vesting of 1,500 shares from option grant with $52.20 exercise price.
10/26/2022Vesting of 1,875 shares from option grant with $41.74 exercise price.
11/20/2022Vesting of 1,750 shares from option grant with $60.15 exercise price.
11/28/2022Vesting of 1,750 shares from option grant with $55.00 exercise price.
10/26/2023Vesting of 1,875 shares from option grant with $41.74 exercise price.
11/17/2023Vesting of 1,938 shares from option grant with $57.98 exercise price.
11/20/2023Vesting of 1,750 shares from option grant with $60.15 exercise price.
11/28/2023Vesting of 1,750 shares from option grant with $55.00 exercise price.
10/26/2024Vesting of 1,875 shares from option grant with $41.74 exercise price.
11/16/2024Vesting of 1,950 shares from option grant with $61.55 exercise price.
11/17/2024Vesting of 1,938 shares from option grant with $57.98 exercise price.
11/20/2024Vesting of 1,750 shares from option grant with $60.15 exercise price.
05/28/2025Date of common stock gift transaction by William V. Turner.
05/29/2025Date of filing of the Form 4.
10/26/2025Vesting of 1,875 shares from option grant with $41.74 exercise price.
11/15/2025Vesting of 1,950 shares from option grant with $53.22 exercise price.
11/16/2025Vesting of 1,950 shares from option grant with $61.55 exercise price.
11/17/2025Vesting of 1,937 shares from option grant with $57.98 exercise price.
10/24/2026Expiration date for option to purchase 6,000 shares of common stock with $41.30 exercise price.
11/15/2026Vesting of 1,950 shares from option grant with $53.22 exercise price.
11/16/2026Vesting of 1,950 shares from option grant with $61.55 exercise price.
11/17/2026Vesting of 1,937 shares from option grant with $57.98 exercise price.
11/20/2026Vesting of 1,950 shares from option grant with $61.79 exercise price.
11/15/2027Expiration date for option to purchase 6,000 shares of common stock with $52.20 exercise price and vesting of 1,950 shares from option grant with $53.22 exercise price.
11/16/2027Vesting of 1,950 shares from option grant with $61.55 exercise price.
11/20/2027Vesting of 1,950 shares from option grant with $61.79 exercise price.
11/15/2028Vesting of 1,950 shares from option grant with $53.22 exercise price.
11/20/2028Vesting of 1,950 shares from option grant with $61.79 exercise price.
11/28/2028Expiration date for option to purchase 7,000 shares of common stock with $55.00 exercise price.
11/20/2029Expiration date for option to purchase 7,000 shares of common stock with $60.15 exercise price and vesting of 1,950 shares from option grant with $61.79 exercise price.
10/26/2030Expiration date for option to purchase 7,500 shares of common stock with $41.74 exercise price.
11/17/2031Expiration date for option to purchase 7,750 shares of common stock with $57.98 exercise price.
11/16/2032Expiration date for option to purchase 7,800 shares of common stock with $61.55 exercise price.
11/15/2033Expiration date for option to purchase 7,800 shares of common stock with $53.22 exercise price.
11/20/2034Expiration date for option to purchase 7,800 shares of common stock with $61.79 exercise price.

Keywords

Great Southern Bancorp, GSBC, Form 4, Insider Transaction, Stock Gift, Director Stock Ownership, Equity Disclosure, SEC Filing, Banking Sector, Financial Services

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