Form 4: Director Disposes GNTY Shares in Glacier Merger

Director Christopher B. Elliott disposed of 127,752 shares of Guaranty Bancshares common stock as part of a merger agreement with Glacier Bancorp, Inc.

Summary

• Director Christopher B. Elliott disposed of a total of 127,752 shares of Guaranty Bancshares, Inc. (GNTY) common stock.
• The disposal occurred on October 1, 2025, pursuant to a Plan and Agreement of Merger dated June 24, 2025.
• The shares were exchanged for common stock of Glacier Bancorp, Inc. ('Glacier').
• The Glacier common stock received had a market value of $48.75 per share on the effective date of the merger.
• The disposed shares included 19,800 directly owned, 90,420 directly owned, and 17,532 indirectly owned through the Reporting Owner's IRA.

Sentiment

Score: 7

Explanation: The filing reports a mandatory share exchange due to a merger, which is a planned corporate action. The transaction itself is neutral, but the underlying merger event is generally considered a strategic development for the company.

Positives

• The transaction represents the completion of a strategic merger for Guaranty Bancshares, Inc. with Glacier Bancorp, Inc.
• The director received Glacier Bancorp, Inc. common stock in exchange for Guaranty Bancshares shares, valued at $48.75 per share.

Future Outlook

The filing does not provide forward-looking statements or guidance, as it is a report of a completed insider transaction.

Industry Context

This transaction reflects the ongoing consolidation trend within the banking sector, where regional banks like Guaranty Bancshares are acquired by larger entities such as Glacier Bancorp, Inc.

Stakeholder Impact

• Shareholders of Guaranty Bancshares, Inc. received common stock of Glacier Bancorp, Inc. as a result of the merger, changing their investment holdings.

Key Dates

Keywords

GNTY, Glacier Bancorp, Merger, Form 4, Insider Transaction, Share Disposal, Director, Banking Sector