Form 4: Security National Financial Corp: Officer Quist S. Andrew Reports Stock Option Exercise and Share Ownership
SEC Form 4
Andrew Quist, Vice President/General Counsel of Security National Financial Corp, reports exercising stock options and changes in beneficial ownership of Class A Common Stock.
Summary
- On June 18, 2024, Andrew Quist, Vice President/General Counsel of Security National Financial Corp, filed a Form 4.
- The form details the acquisition of 15,901 shares of Class A Common Stock at a price of $7.40.
- This transaction resulted in Mr. Quist owning 59,524 shares of Class A Common Stock directly.
- The filing also details Mr. Quist's ownership of various employee stock options, including options to buy Class A and Class C Common Stock at different exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The officer's stock purchase suggests confidence, but it's a routine filing.
Positives
- The exercise of stock options and purchase of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the officer's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/02/2014 | Date of grant for an option for 10,000 shares of Class A Common Stock at an exercise price of $4.29 per share, later adjusted. |
| 12/05/2014 | Date of grant for an option for 20,000 shares of Class A Common Stock at an exercise price of $5.02 per share, later adjusted. |
| 12/04/2015 | Date of grant for an option for 20,000 shares of Class A Common Stock at an exercise price of $6.72 per share, later adjusted. |
| 12/02/2016 | Date of grant for an option for 20,000 shares of Class A Common Stock at an exercise price of $7.03 per share, later adjusted. |
| 12/01/2017 | Date of grant for an option for either 20,000 shares of Class A Common Stock or 20,000 shares or Class C Common Stock at an exercise price of $5.05 per share, later adjusted. |
| 11/30/2018 | Date of grant for an option for either 25,000 shares of Class A Common Stock or 25,000 shares of Class C Common Stock at an exercise price of $5.52 per share, later adjusted. |
| 12/06/2019 | Date of grant for an option for either 40,000 shares of Class A Common Stock or 40,000 shares of Class C Common Stock at an exercise price of $5.46 per share, later adjusted. |
| 03/27/2020 | Date of grant for an option for either 40,000 shares of Class A Common Stock or 40,000 shares of Class C Common Stock at an exercise price of $3.76 per share, later adjusted. |
| 12/03/2021 | Date of grant for an option for either 60,000 shares of Class A Common Stock or 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share, later adjusted. |
| 12/02/2022 | Date of grant for an option for either 80,000 shares of Class A Common Stock or 80,000 shares of Class C Common Stock at an exercise price of $6.48 per share, later adjusted. |
| 12/01/2023 | Date of grant for an option for either 80,000 shares of Class A Common Stock or 80,000 shares of Class C Common Stock at an exercise price of $7.99 per share. |
| 06/18/2024 | Date of transaction: Acquisition of 15,901 shares of Class A Common Stock. |
| 06/20/2024 | Date of signature for the Form 4 filing. |
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.