Form 4: Great Southern Bancorp Executive Rex A. Copeland Executes Option, Sells Shares
SEC Form 4 Filing
Rex A. Copeland, a Senior Vice President of a subsidiary and Treasurer at Great Southern Bancorp, exercised stock options and sold shares on November 6, 2024.
Summary
- On November 6, 2024, Rex A. Copeland, a Senior Vice President of Subsidiary and Treasurer at Great Southern Bancorp, exercised options to purchase 4,200 shares of common stock at a price of $50.71.
- Following the exercise of the options, Copeland sold 4,200 shares of common stock at a price of $66.5898.
- After these transactions, Copeland directly owns 22,268 shares of Great Southern Bancorp common stock.
- Copeland also holds options to purchase a total of 30,850 additional shares at prices ranging from $41.3 to $61.55, which vest in installments through November 16, 2032.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the trading activities of company executives, which is important for investors in the financial services sector.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are common in the banking industry to align management's interests with those of shareholders.
- Comparable companies such as Commerce Bancshares (CBSH) and UMB Financial Corporation (UMBF) also utilize stock options as part of their executive compensation packages.
- The vesting schedules and exercise prices of these options are generally in line with industry standards for incentivizing long-term performance.
Stakeholder Impact
- Shareholders may view insider transactions as a signal of management's confidence (or lack thereof) in the company's future performance.
- The exercise of options and subsequent sale of shares can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/18/2017 | Initial vesting date for 1,050 shares related to one of the options. |
| 10/24/2018 | Initial vesting date for 1,050 shares related to one of the options. |
| 11/15/2019 | Initial vesting date for 1,050 shares related to one of the options. |
| 11/28/2020 | Initial vesting date for 1,050 shares related to one of the options. |
| 11/20/2021 | Initial vesting date for 1,050 shares related to one of the options. |
| 10/26/2022 | Initial vesting date for 1,125 shares related to one of the options. |
| 11/17/2023 | Initial vesting date for 1,188 shares related to one of the options. |
| 11/06/2024 | Date of transaction: option exercise and share sale. |
| 11/08/2024 | Date of signature on the form. |
| 11/16/2024 | Initial vesting date for 1,200 shares related to one of the options. |
| 10/26/2025 | Final vesting date for 1,125 shares related to one of the options. |
| 11/17/2026 | Final vesting date for 1,187 shares related to one of the options. |
| 11/16/2027 | Final vesting date for 1,200 shares related to one of the options. |
| 11/20/2029 | Expiration date for one of the options. |
| 10/26/2030 | Expiration date for one of the options. |
| 11/17/2031 | Expiration date for one of the options. |
| 11/16/2032 | Expiration date for one of the options. |
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