Form 4: Security National Financial Officer Boosts Stake

Jeffrey R. Stephens, General Counsel of Security National Financial Corp, reported an acquisition of Class A Common Stock and Restricted Stock Units.

Summary

• Jeffrey R. Stephens, General Counsel and Corporate Secretary of Security National Financial Corp (SNFCA), reported changes in his beneficial ownership.
• On October 1, 2025, Stephens acquired 603 shares of Class A Common Stock at a price of $13.08 per share.
• Following this transaction, Stephens directly beneficially owns 44,745 shares of Class A Common Stock.
• This direct ownership does not include an additional 126,746 shares of Class A Common Stock owned indirectly by Stephens in the 401(k) Retirement Savings Plan.
• The reported share amounts have been adjusted to reflect a 5% stock dividend issued on July 18, 2025.
• Stephens also reported the acquisition of 603 Restricted Stock Units (RSUs) on October 1, 2025, and 1,206 RSUs on December 6, 2024, both at a price of $13.08 per unit.
• These RSUs were granted under the 2022 Equity Incentive Plan for a total of 2,413 shares of Class A Common Stock, vesting quarterly and fully by December 31, 2025.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction related to executive compensation and equity ownership. It is neutral in terms of company performance but slightly positive due to increased insider alignment with shareholder interests.

Positives

• Increased direct and indirect equity ownership by a key executive, aligning management interests with shareholders.
• The acquisition of shares and RSUs is part of a routine equity incentive plan, indicating ongoing executive compensation and retention.

Future Outlook

The Restricted Stock Units granted on December 6, 2024, will vest quarterly and are expected to be fully vested by December 31, 2025.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Increased alignment of management interests with shareholders through direct and indirect equity ownership.

Next Steps

• Continued vesting of Restricted Stock Units until fully vested on December 31, 2025.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction involving the acquisition of Class A Common Stock and the vesting of Restricted Stock Units by a corporate officer. It does not contain information regarding the company's financial performance, strategic direction, or material events that would warrant a change in investment recommendation based solely on this disclosure. It primarily indicates ongoing executive compensation and insider ownership alignment.

Keywords

Security National Financial Corp, SNFCA, Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, Equity Incentive Plan, Jeffrey Stephens, Executive Compensation