Form 4: Home Federal Bancorp Executive Exercises Stock Options and Reports Changes in Beneficial Ownership
SEC Form 4
Mary L. Jones, Sr. VP Retail & COO of Home Federal Bank, reports exercising stock options and changes in her beneficial ownership of Home Federal Bancorp, Inc. of Louisiana shares.
Summary
- On June 3, 2024, Mary L. Jones, Sr. VP Retail & COO of Home Federal Bank, exercised stock options to acquire 1,350 shares of Home Federal Bancorp, Inc. of Louisiana common stock at a price of $9.46 per share.
- This transaction resulted in a change in her beneficial ownership of the company's stock.
- Following the transaction, Jones directly owns 9,060 shares of common stock and indirectly owns 9,641.2263 shares through a 401(k) plan and 14,414.4394 shares through an ESOP.
- The price per unit of the Issuer's pooled stock fund under the Home Federal Bank Employees' Savings and Profit Sharing Plan and Trust ('401(k) Plan') was $24.87 as of June 13, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The exercise of stock options could be seen as a positive signal, indicating the executive's confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 07/31/2019 | Options vested a rate of 20% per year commencing on July 31, 2015 and were fully vested and exercisable as of this date. |
| 10/26/2020 | Options vested at a rate of 20% per year commencing on October 26, 2016 and were fully vested and exercisable as of this date. |
| 11/11/2021 | Commencement of vesting at a rate of 20% per year for 800 shares granted pursuant to the 2019 Stock Incentive Plan. |
| 06/03/2024 | Date of transaction: Mary L. Jones exercised stock options. |
| 06/13/2024 | The reporting person's units representing the Issuer's Common Stock held in the Fund are based on a per unit price of $24.87 as of this date. |
| 06/14/2024 | Date of report. |
| 10/26/2025 | Expiration date for stock options with an exercise price of $11.5. |
| 11/11/2030 | Expiration date for stock options with an exercise price of $11.86. |
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