Form 4: Home Bancshares Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Russell Davis Carter III, a Regional President at Centennial Bank (a subsidiary of Home Bancshares), exercised stock options and disposed of shares to cover tax obligations.
Summary
- On July 25, 2024, Russell Davis Carter III, a Regional President at Centennial Bank, executed transactions involving Home Bancshares Inc. stock.
- Carter exercised performance stock options to acquire 40,000 shares of common stock at a price of $18.46 per share.
- Simultaneously, Carter disposed of 26,065 shares to satisfy tax obligations at a price of $28.33.
- Following these transactions, Carter directly owns 37,682.728 shares of common stock.
- Carter also indirectly owns 5,234 shares through an IRA and 14,191.6668 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine transactions by an officer. The exercise of options is generally seen as a positive, but the simultaneous sale to cover taxes is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider activity and can be monitored by investors for insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 07/19/2018 | Date of Performance Stock Option award that is exercisable in five equal annual installments beginning on the first annual anniversary of the date that the performance goal is met. |
| 08/24/2015 | Date of Performance Stock Option award that is exercisable in seven equal annual installments beginning on the first annual anniversary of the award date. |
| 12/31/2016 | Performance goal was met for Performance Stock Option awarded on August 24, 2015. |
| 03/31/2021 | Performance goal was met for Performance Stock Option awarded on July 19, 2018 and Performance Stock awarded on July 19, 2018. |
| 03/31/2022 | First installment became exercisable for Performance Stock Option awarded on July 19, 2018. |
| 03/31/2024 | Stock began vesting for Performance Stock awarded on July 19, 2018. |
| 07/25/2024 | Date of transaction: exercise of stock options and disposal of shares. |
| 07/26/2024 | Date of signature on the Form 4 filing. |
| 08/23/2025 | Expiration date of Performance Stock Option. |
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