Form 4: Security National Financial Corp: Director Stock Transactions

Gilbert A. Fuller, a Director at Security National Financial Corp., reported transactions involving Class A Common Stock and Restricted Stock Units.

Summary

• Director Gilbert A. Fuller of Security National Financial Corp. (SNFCA) reported several transactions on July 1, 2026.
• These transactions include the acquisition of 616 shares of Class A Common Stock at $8.53 per share and the disposal of 616 shares of Class A Common Stock at $9.79 per share.
• Following these transactions, Mr. Fuller beneficially owns 31,973 shares of Class A Common Stock directly.
• Additionally, Mr. Fuller acquired 616 Restricted Stock Units (RSUs) granted on July 1, 2026, under the 2022 Equity Incentive Plan, with a grant price of $8.53 per share.
• These RSUs are set to vest fully by December 31, 2026.
• Previously, on December 5, 2025, 2,461 RSUs were granted at $8.53 per share, with quarterly vesting and full vesting by December 31, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine insider stock transactions and equity awards, with no significant positive or negative financial news.

Positives

• Director Gilbert A. Fuller acquired 616 shares of Class A Common Stock, indicating continued investment in the company.
• The acquisition of 616 Restricted Stock Units (RSUs) suggests a commitment to long-term alignment with shareholder interests.
• The RSUs are part of the 2022 Equity Incentive Plan, which is a standard mechanism for employee and director compensation.

Negatives

• Director Gilbert A. Fuller disposed of 616 shares of Class A Common Stock at a price higher than his acquisition price for other shares, potentially realizing a profit.

Risks

• The disposal of shares by a director could be interpreted by the market as a lack of confidence, although the context of RSUs suggests a planned transaction.
• The vesting schedule of RSUs implies that a significant portion of Mr. Fuller's compensation is tied to continued service and company performance.

Future Outlook

The filing indicates that restricted stock units granted will vest fully by December 31, 2026, suggesting continued compensation and potential future share ownership for the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The reported activity by Director Gilbert A. Fuller is typical for executives managing their equity compensation and personal investment in the company.

Stakeholder Impact

• Shareholders: The disposal of shares by a director may be observed, but the acquisition of RSUs indicates continued commitment.
• Employees: The use of the Equity Incentive Plan for director compensation is a common practice that can influence employee morale and retention.
• Management: The transactions reflect standard equity management by a director.

Next Steps

• Vesting of Restricted Stock Units granted on December 5, 2025, and July 1, 2026, will be completed by December 31, 2026.

Key Dates

Keywords

SEC Form 4, Security National Financial Corp, SNFCA, Insider Trading, Stock Transaction, Director, Class A Common Stock, Restricted Stock Units, Equity Incentive Plan, Beneficial Ownership