Form 4: Director Nolan Disposes GNTY Shares in Glacier Merger

Guaranty Bancshares Director James Michael Nolan JR disposed of 55,897 shares of common stock as part of the merger with Glacier Bancorp, Inc.

Summary

• James Michael Nolan JR, a Director of Guaranty Bancshares Inc. (GNTY), reported the disposal of 55,897 shares of GNTY common stock.
• The transaction occurred on October 1, 2025, pursuant to the Plan and Agreement of Merger dated June 24, 2025, between Guaranty Bancshares, Inc. and Glacier Bancorp, Inc. ('Glacier').
• Nolan JR received shares of Glacier common stock in exchange for the GNTY shares, with Glacier stock having a market value of $48.75 per share on the effective date of the merger.
• The disposed shares included 5,156 directly owned, 28,206 indirectly owned through Club Hill Partners Ltd., 2,004 indirectly owned through Mike Nolan Money Purchase Plan Trust, and 20,531 indirectly owned through Nolan 1995 Education Partners, Ltd.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual report of an insider transaction resulting from a merger, not an operational or financial performance update.

Future Outlook

No forward-looking statements or guidance are provided; this filing reports a completed insider transaction related to a merger.

Industry Context

This transaction reflects the completion of a merger within the banking sector, where consolidation through acquisitions is a common strategic move for growth and market expansion. The exchange of shares indicates a typical all-stock or stock-and-cash merger structure.

Stakeholder Impact

• Shareholders of Guaranty Bancshares Inc. (GNTY) who held common stock would have received Glacier Bancorp, Inc. common stock as consideration for the merger.

Key Dates

Keywords

GNTY, Glacier Bancorp, merger, insider transaction, Form 4, director, stock disposal, beneficial ownership, banking