Form 4: Security National Financial Corp Director H. Craig Moody Reports Stock Option Exercise and RSU Grant
SEC Form 4 Filing
Director H. Craig Moody of Security National Financial Corp reports the acquisition of 6,318 shares of Class A Common Stock through option exercise at $4.13 per share and the grant of 2,509 restricted stock units.
Summary
- On January 2, 2025, H. Craig Moody, a director of Security National Financial Corp, acquired 6,318 shares of Class A Common Stock at a price of $4.13 per share.
- The transaction involved the exercise of stock options.
- Moody also received 2,509 Restricted Stock Units (RSUs) on December 6, 2024, at a price of $13.08 per share, which vest quarterly and will be fully vested by December 31, 2025.
- Following these transactions, Moody directly owns 41,769 shares of Class A Common Stock and holds options for a total of 59,672 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions by a company director. There's no indication of positive or negative implications for the company's performance.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Future Outlook
The restricted stock units vest quarterly and will be fully vested on December 31, 2025.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.
Comparison to Industry Standards
- Director stock option plans and RSU grants are common compensation practices in publicly traded companies like Security National Financial Corp.
- Companies such as Berkshire Hathaway, Fairfax Financial Holdings, and Markel Corporation also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedules and exercise prices are generally aligned with industry standards to incentivize long-term performance and retention.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 12/04/2015 | Grant date of director stock option for 5,000 shares at an exercise price of $6.72, adjusted for stock dividends. |
| 12/07/2015 | Grant date of director stock option for 1,000 shares at an exercise price of $6.72, adjusted for stock dividends. |
| 12/02/2016 | Grant date of director stock option for 5,000 shares at an exercise price of $7.03, adjusted for stock dividends. |
| 12/07/2016 | Grant date of director stock option for 1,000 shares at an exercise price of $7.36, adjusted for stock dividends. |
| 12/01/2017 | Grant date of director stock option for 1,000 shares at an exercise price of $5.05, adjusted for stock dividends. |
| 11/30/2018 | Grant date of director stock option for 6,000 shares at an exercise price of $5.52, adjusted for stock dividends. |
| 12/06/2019 | Grant date of director stock option for 6,000 shares at an exercise price of $5.46, adjusted for stock dividends. |
| 03/27/2020 | Grant date of director stock option for 6,000 shares at an exercise price of $3.76, adjusted for stock dividends. |
| 12/03/2021 | Grant date of director stock option for 6,000 shares at an exercise price of $8.62, adjusted for stock dividends. |
| 12/02/2022 | Grant date of director stock option for 7,000 shares at an exercise price of $6.48, adjusted for stock dividends. |
| 12/01/2023 | Grant date of director stock option for 8,000 shares at an exercise price of $7.99, adjusted for stock dividends. |
| 12/06/2024 | Grant date of 2,509 Restricted Stock Units (RSUs) at a price of $13.08 per share. |
| 01/02/2025 | Date of transaction: Acquisition of 6,318 shares of Class A Common Stock through option exercise at $4.13 per share. |
| 04/06/2025 | First vesting date for the 2,509 Restricted Stock Units (RSUs). |
| 12/31/2025 | Final vesting date for the 2,509 Restricted Stock Units (RSUs). |
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.