Form 4: Security National Financial Corp Director Exercises Stock Options, Acquires Shares
SEC Form 4 Filing
Director Ludmya B. Love exercised stock options and acquired 10,565 shares of Security National Financial Corp Class A Common Stock at $12.82 per share on March 22, 2025.
Summary
- Ludmya B. Love, a director of Security National Financial Corp, reported a transaction involving the acquisition of Class A Common Stock on March 22, 2025.
- The transaction involved the exercise of stock options, resulting in the acquisition of 10,565 shares at a price of $12.82 per share.
- Following the transaction, Ms. Love directly owns 10,565 shares of Class A Common Stock.
- Ms. Love also holds derivative securities in the form of director stock options granted between December 2021 and December 2024.
- These options have various exercise prices and expiration dates, with some already exercisable and others vesting in the future.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative performance for the company.
Positives
- The director's exercise of stock options and acquisition of shares could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's activity in the company's stock, which is common among publicly traded companies.
Stakeholder Impact
- The transaction could have a minor impact on shareholders, potentially influencing the stock price depending on how the market interprets the director's actions.
Key Dates
| Date | Description |
|---|---|
| 12/03/2021 | Grant date of stock option for 6,000 shares at an exercise price of $8.62 (adjusted). |
| 03/03/2022 | Date when stock options granted on 12/03/2021 became exercisable. |
| 12/02/2022 | Grant date of stock option for 7,000 shares at an exercise price of $6.48 (adjusted). |
| 03/02/2023 | Date when stock options granted on 12/02/2022 became exercisable. |
| 12/01/2023 | Grant date of stock option for 8,000 shares at an exercise price of $7.99 (adjusted). |
| 03/01/2024 | Date when stock options granted on 12/01/2023 became exercisable. |
| 12/06/2024 | Grant date of stock option for 10,400 shares at an exercise price of $13.08. |
| 03/06/2025 | Date when stock options granted on 12/06/2024 became exercisable. |
| 03/22/2025 | Date of transaction: Director acquired 10,565 shares of Class A Common Stock. |
| 03/25/2025 | Date of Form 4 filing. |
| 09/23/2025 | Expiration date for a portion of the options granted on December 6, 2024. |
| 12/03/2031 | Expiration date for stock options granted on December 3, 2021. |
| 12/02/2032 | Expiration date for stock options granted on December 2, 2022. |
| 12/01/2033 | Expiration date for stock options granted on December 1, 2023. |
Keywords
stock options, director, SNFCA, Class A Common Stock, beneficial ownership, Security National Financial Corp, Form 4, acquisition
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