Form 4: Great Southern Bancorp Executive Acquires Stock Options
SEC Form 4 Filing
John M. Bugh, a Vice President of a subsidiary at Great Southern Bancorp, has acquired stock options and reported changes in his beneficial ownership.
Summary
- John M. Bugh, a Vice President of a subsidiary at Great Southern Bancorp, has reported changes in his beneficial ownership of the company's stock.
- On November 20, 2024, Mr. Bugh acquired options to purchase 1,200 shares of common stock at a price of $61.79 per share.
- These options vest over several years, with 1,200 shares vesting each year from 2026 to 2029.
- Mr. Bugh also holds previously granted options that vest over time, with various vesting dates and exercise prices.
- The total number of common stock shares beneficially owned by Mr. Bugh is 1,790.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction of stock options, which is generally positive as it aligns executive interests with the company's performance. There are no negative implications.
Positives
- The acquisition of stock options by a company executive can be seen as a positive sign of confidence in the company's future performance.
- The vesting schedule of the options aligns the executive's interests with the long-term success of the company.
Industry Context
This filing is a routine disclosure of stock option grants and changes in beneficial ownership by a company executive, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Stock option grants are a standard form of compensation for executives in the financial services industry, including companies like Great Southern Bancorp.
- The vesting schedules and exercise prices are typical for such grants, designed to incentivize long-term performance and align executive interests with shareholder value.
- Companies like Bank of America, JP Morgan Chase, and Wells Fargo also use stock options as part of their executive compensation packages, with similar vesting periods and performance-based criteria.
Stakeholder Impact
- The stock option grants may positively impact shareholders by aligning executive interests with the company's long-term performance.
- The executive benefits from the potential increase in the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 11/18/2017 | First vesting date for 438 shares of common stock at $50.71. |
| 10/24/2018 | First vesting date for 625 shares of common stock at $41.3. |
| 11/15/2019 | First vesting date for 700 shares of common stock at $52.2. |
| 11/28/2020 | First vesting date for 875 shares of common stock at $55. |
| 11/20/2021 | First vesting date for 950 shares of common stock at $60.15. |
| 10/26/2022 | First vesting date for 1,125 shares of common stock at $41.74. |
| 11/17/2023 | First vesting date for 1,188 shares of common stock at $57.98. |
| 11/16/2024 | First vesting date for 1,200 shares of common stock at $61.55. |
| 11/20/2024 | Date of the reported transaction where 1,200 options were granted at $61.79. |
| 11/15/2025 | First vesting date for 1,200 shares of common stock at $53.22. |
| 11/20/2026 | First vesting date for the 1,200 options granted on 11/20/2024. |
| 11/20/2027 | Second vesting date for the 1,200 options granted on 11/20/2024. |
| 11/20/2028 | Third vesting date for the 1,200 options granted on 11/20/2024. |
| 11/20/2029 | Fourth vesting date for the 1,200 options granted on 11/20/2024. |
| 10/26/2030 | Vesting date for 4,500 shares of common stock at $41.74. |
| 11/17/2031 | Vesting date for 4,750 shares of common stock at $57.98. |
| 11/16/2032 | Vesting date for 4,800 shares of common stock at $61.55. |
| 11/15/2033 | Vesting date for 4,800 shares of common stock at $53.22. |
| 11/20/2034 | Expiration date for all options granted on 11/20/2024. |
Keywords
stock options, beneficial ownership, executive compensation, insider trading, Great Southern Bancorp, GSBC
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