Form 4: Director Acquires Shares, Receives New RSU Grant
Insider Transaction Report
H. Craig Moody, a director at Security National Financial Corp, acquired 627 shares of Class A Common Stock and received a new grant of 2,461 Restricted Stock Units.
Summary
- Director H. Craig Moody acquired 627 shares of Class A Common Stock on January 2, 2026, at a price of $8.68 per share, resulting from the vesting of previously granted Restricted Stock Units.
- Following this acquisition, Moody directly owns 43,529 shares of Class A Common Stock.
- A new grant of 2,461 Restricted Stock Units (RSUs) was made to H. Craig Moody on December 5, 2025, under the 2022 Equity Incentive Plan, at a price of $8.53 per unit. These new RSUs will vest quarterly and be fully vested by December 31, 2026.
- The filing also details various outstanding Director Stock Options, many of which have been adjusted for anti-dilution due to past stock dividends.
Sentiment
Score: 7
Explanation: The filing indicates a director's continued equity participation through stock acquisition and a new RSU grant, which is generally positive for aligning interests. The transactions are routine for insider reporting and appear to be part of pre-arranged plans.
Positives
- Director H. Craig Moody increased direct ownership of Class A Common Stock by 627 shares, indicating continued alignment with shareholder interests.
- The grant of new Restricted Stock Units (RSUs) to a director suggests ongoing commitment and incentivization of management through equity participation.
Future Outlook
The newly granted Restricted Stock Units will vest quarterly and be fully vested by December 31, 2026, providing a future incentive for the director.
Industry Context
This Form 4 filing details routine insider transactions for Security National Financial Corp, reflecting individual company-specific equity compensation and ownership rather than broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Incentive Plan Utilization | The company continues to utilize its 2022 Equity Incentive Plan for granting Restricted Stock Units to directors, and the 2014 Director Stock Option Plan for stock options, demonstrating ongoing equity-based compensation strategies. | Various grant dates | Aligns director incentives with shareholder value creation through equity ownership. |
Related Party Transactions
- Acquisition of 627 shares of Class A Common Stock by Director H. Craig Moody from the vesting of Restricted Stock Units.
- Grant of 2,461 new Restricted Stock Units to Director H. Craig Moody.
- Ongoing beneficial ownership of various Director Stock Options by H. Craig Moody.
Stakeholder Impact
- Shareholders: Increased director ownership and continued equity incentives may signal confidence and align management interests with shareholder returns.
- Employees (indirectly): Reflects the company's compensation philosophy, potentially impacting broader employee incentive programs.
Next Steps
- The newly granted Restricted Stock Units will vest quarterly and be fully vested by December 31, 2026.
Key Dates
| Date | Description |
|---|---|
| 12/02/2016 | Grant date for a Director Stock Option (7,952 shares, $4.32 exercise price). |
| 12/07/2016 | Grant date for a Director Stock Option (1,590 shares, $4.52 exercise price). |
| 02/03/2017 | 5% stock dividend paid (relevant for option adjustments). |
| 03/02/2017 | Date exercisable for a Director Stock Option. |
| 12/01/2017 | Grant date for a Director Stock Option (1,514 shares, $3.27 exercise price). |
| 02/02/2018 | 5% stock dividend paid. |
| 03/01/2018 | Date exercisable for a Director Stock Option. |
| 11/30/2018 | Grant date for a Director Stock Option (8,657 shares, $3.76 exercise price). |
| 02/01/2019 | 5% stock dividend paid. |
| 02/28/2019 | Date exercisable for a Director Stock Option. |
| 12/06/2019 | Grant date for a Director Stock Option (8,242 shares, $3.91 exercise price). |
| 02/07/2020 | 5% stock dividend paid. |
| 03/06/2020 | Date exercisable for a Director Stock Option. |
| 03/27/2020 | Grant date for a Director Stock Option (7,850 shares, $2.84 exercise price). |
| 06/27/2020 | Date exercisable for a Director Stock Option. |
| 07/17/2020 | 2.5% stock dividend paid. |
| 07/16/2021 | 5% stock dividend paid. |
| 12/03/2021 | Grant date for a Director Stock Option (7,293 shares, $7.02 exercise price). |
| 03/03/2022 | Date exercisable for a Director Stock Option. |
| 07/08/2022 | 5% stock dividend paid. |
| 12/02/2022 | Grant date for a Director Stock Option (8,104 shares, $5.56 exercise price). |
| 03/02/2023 | Date exercisable for a Director Stock Option. |
| 07/14/2023 | 5% stock dividend paid. |
| 12/01/2023 | Grant date for a Director Stock Option (8,820 shares, $7.21 exercise price). |
| 03/01/2024 | Date exercisable for a Director Stock Option. |
| 07/12/2024 | 5% stock dividend paid. |
| 12/06/2024 | Grant date for Restricted Stock Units (2,509 shares, $13.08 price). |
| 04/01/2025 | Date exercisable for Restricted Stock Unit. |
| 07/18/2025 | 5% stock dividend paid. |
| 12/05/2025 | Grant date for new Restricted Stock Units (2,461 shares, $8.53 price). |
| 12/31/2025 | Expiration date for a Restricted Stock Unit. |
| 01/02/2026 | Transaction date for acquisition of 627 Class A Common Stock. |
| 01/06/2026 | Signature date of reporting person. |
| 04/01/2026 | Date exercisable for new Restricted Stock Unit grant. |
| 12/02/2026 | Expiration date for a Director Stock Option. |
| 12/07/2026 | Expiration date for a Director Stock Option. |
| 12/31/2026 | Full vesting date for new RSU grant. |
| 12/01/2027 | Expiration date for a Director Stock Option. |
| 11/30/2028 | Expiration date for a Director Stock Option. |
| 12/06/2029 | Expiration date for a Director Stock Option. |
| 03/27/2030 | Expiration date for a Director Stock Option. |
| 12/03/2031 | Expiration date for a Director Stock Option. |
| 12/02/2032 | Expiration date for a Director Stock Option. |
| 12/01/2033 | Expiration date for a Director Stock Option. |
Recommendation
holdThis Form 4 filing details routine insider transactions, including a director's acquisition of shares and a new RSU grant, largely under pre-arranged plans. While indicating continued insider alignment, it does not provide new fundamental information to warrant a change in investment recommendation. Investors should consider broader company financials and market conditions.
Keywords
Security National Financial Corp, SNFCA, Form 4, Insider Trading, Director Stock Option, Restricted Stock Unit, Equity Incentive Plan, Stock Acquisition, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.