Form 4: Security National Financial Corp Executive Exercises Stock Options and Acquires Shares
SEC Form 4 Filing
Jeffrey Russell Stephens, General Counsel & Corporate Secretary of Security National Financial Corp, exercised stock options and acquired shares of Class A Common Stock on February 5, 2025.
Summary
- On February 5, 2025, Jeffrey Russell Stephens, General Counsel & Corporate Secretary of Security National Financial Corp, executed transactions involving the company's Class A Common Stock.
- Stephens exercised stock options, acquiring 12,681 shares at a price of $12.71 per share.
- Following the transaction, Stephens directly owns 40,833 shares of Class A Common Stock.
- Stephens also indirectly owns 120,131 shares of Class A Common Stock through the 401(k) Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a transaction. It doesn't inherently indicate positive or negative performance for the company.
Positives
- The exercise of stock options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Comparing Stephens' holdings to those of executives at similar financial services companies would provide context on the magnitude of his stake.
- Analyzing the vesting schedules of his stock options and restricted stock units against industry norms would reveal if his compensation is standard.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
- The filing provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 12/03/2021 | Date of grant for employee stock option for 7,500 shares. |
| 03/03/2022 | Earliest exercisable date for employee stock option for 7,500 shares. |
| 12/02/2022 | Date of grant for employee stock option for 10,000 shares. |
| 07/08/2022 | 5% stock dividend paid. |
| 03/02/2023 | Earliest exercisable date for employee stock option for 10,000 shares. |
| 07/14/2023 | 5% stock dividend paid. |
| 12/01/2023 | Date of grant for employee stock option for 10,000 shares. |
| 03/01/2024 | Earliest exercisable date for employee stock option for 10,000 shares. |
| 07/12/2024 | 5% stock dividend paid. |
| 12/06/2024 | Date of grant for restricted stock units for 2,413 shares. |
| 02/05/2025 | Date of transaction: Stephens exercises stock options and acquires shares. |
| 03/06/2025 | Earliest exercisable date for restricted stock units for 2,413 shares. |
| 12/31/2025 | Restricted stock units fully vested. |
| 12/03/2031 | Expiration date for employee stock option for 7,500 shares. |
| 12/02/2032 | Expiration date for employee stock option for 10,000 shares. |
| 12/01/2033 | Expiration date for employee stock option for 10,000 shares. |
Keywords
Form 4, Stock Options, Beneficial Ownership, Security National Financial Corp, SNFCA, Insider Trading, Jeffrey Russell Stephens, Class A Common Stock
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