Form 4: Security National Financial Corp Director Gilbert A. Fuller Reports Stock Transactions
SEC Form 4
Director Gilbert A. Fuller of Security National Financial Corp reports acquisition and disposal of Class A Common Stock and stock options.
Summary
- On April 2, 2024, Gilbert A. Fuller, a director of Security National Financial Corp, acquired 460 shares of Class A Common Stock at $7.99 per share.
- On the same day, Fuller disposed of 460 shares of Class A Common Stock at $7.36 per share.
- Following these transactions, Fuller directly owns 14,141 shares of Class A Common Stock.
- Fuller also holds multiple Director Stock Options with varying exercise prices and expiration dates, as well as Restricted Stock Units.
- The restricted stock units were granted on December 1, 2023, for 1,840 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $7.99.
- The units granted vest quarterly, and will be fully vested on December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any explicit sentiment, but the mix of acquisition and disposal is neutral.
Positives
- The acquisition of shares by a director could be interpreted as a positive signal about the company's prospects.
Negatives
- The disposal of shares by a director could be interpreted as a negative signal about the company's prospects.
Risks
- The document does not explicitly mention any risks.
- However, insider trading activity is always subject to scrutiny and potential legal challenges if not conducted properly.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders' perception of the company.
Key Dates
| Date | Description |
|---|---|
| 12/02/2016 | Date of grant for Director Stock Option with exercise price of $5.04. |
| 12/07/2016 | Date of grant for Director Stock Option with exercise price of $5.27. |
| 12/01/2017 | Date of grant for Director Stock Option with exercise price of $3.81. |
| 11/30/2018 | Date of grant for Director Stock Option with exercise price of $4.39. |
| 12/06/2019 | Date of grant for Director Stock Option with exercise price of $4.57. |
| 03/27/2020 | Date of grant for Director Stock Option with exercise price of $3.32. |
| 12/03/2021 | Date of grant for Director Stock Option with exercise price of $8.19. |
| 12/01/2023 | Date of grant for Restricted Stock Units at a price of $7.99. |
| 04/01/2024 | Vesting date for Restricted Stock Units. |
| 04/02/2024 | Date of Class A Common Stock acquisition and disposal. |
| 04/04/2024 | Date of signature for the Form 4 filing. |
| 12/31/2024 | Date when Restricted Stock Units will be fully vested. |
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