Form 4: Guaranty Bancshares Inc. Director Exercises Stock Options
SEC Form 4 Filing
Kirk L. Lee, a Director and President of Guaranty Bancshares Inc., exercised stock options and acquired common stock on October 15, 2024.
Summary
- On October 15, 2024, Kirk L. Lee, a Director and President of Guaranty Bancshares Inc. (GNTY), exercised stock options to acquire 3,300 shares of common stock at a price of $21.82 per share.
- Following the transaction, Lee directly owns 125,428 shares of common stock and indirectly owns 119,090 shares through the Issuer KSOP.
- The exercised stock options were granted under the issuer's 2015 Equity Incentive Plan and vested ratably over ten years from the grant date of October 15, 2014.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership structure, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 10/15/2014 | Grant date of the stock options, vesting ratably over ten years |
| 10/15/2024 | Date of transaction: Kirk L. Lee exercised stock options and acquired common stock |
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