Form 4: Security National Financial Corp: Director John L. Cook Reports Acquisition of Class A Common Stock
SEC Form 4
Director John L. Cook reports the acquisition of 627 shares of Class A Common Stock and related transactions involving derivative securities.
Summary
- On April 1, 2025, John L. Cook, a director of Security National Financial Corp, acquired 627 shares of Class A Common Stock at a price of $13.08.
- This acquisition was related to the vesting of restricted stock units.
- Cook also holds various director stock options with exercise prices ranging from $2.99 to $7.59, and expiration dates extending to December 2033.
- Following the reported transaction, Cook beneficially owns 16,489 shares of Class A Common Stock directly and holds options for 59,045 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The director's acquisition could be seen as mildly positive, but it's not a major event.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock units extends to December 31, 2025.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Director stock option plans are a common form of compensation in publicly traded companies, similar to those offered by companies like Berkshire Hathaway, Fairfax Financial, and Markel Corporation.
- The vesting schedules and exercise prices are typical for director compensation packages.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals director confidence.
- The transaction has no material impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2016 | Grant date of director stock option with exercise price of $4.55. |
| 12/07/2016 | Grant date of director stock option with exercise price of $4.76. |
| 12/01/2017 | Grant date of director stock option with exercise price of $3.44. |
| 11/30/2018 | Grant date of director stock option with exercise price of $3.96. |
| 12/06/2019 | Grant date of director stock option with exercise price of $4.12. |
| 03/27/2020 | Grant date of director stock option with exercise price of $2.99. |
| 12/03/2021 | Grant date of director stock option with exercise price of $7.39. |
| 12/02/2022 | Grant date of director stock option with exercise price of $5.85. |
| 12/01/2023 | Grant date of director stock option with exercise price of $7.59. |
| 12/06/2024 | Grant date of restricted stock units at a price of $13.08 per share. |
| 04/01/2025 | Date of transaction: Acquisition of 627 shares of Class A Common Stock and vesting of restricted stock units. |
| 12/31/2025 | Date when restricted stock units will be fully vested. |
Keywords
Form 4, Director, Stock Options, Restricted Stock Units, Class A Common Stock, Security National Financial Corp, SNFCA, Beneficial Ownership, Insider Trading
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