Form 4: SNFCA General Counsel Acquires Shares, Receives RSUs

Security National Financial Corp's General Counsel, Jeffrey Russell Stephens, reported the acquisition of 603 Class A Common Stock shares and a grant of 3,549 Restricted Stock Units.

Summary

• Jeffrey Russell Stephens, General Counsel and Corporate Secretary of Security National Financial Corp (SNFCA), reported transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
• Acquired 603 shares of Class A Common Stock on January 2, 2026, at a price of $13.03 per share, bringing direct beneficial ownership to 35,348 shares.
• Received a grant of 3,549 Restricted Stock Units on December 5, 2025, under the 2022 Equity Incentive Plan, at a price of $8.53 per unit.
• These 3,549 RSUs will vest quarterly and be fully vested by December 31, 2026, and become exercisable on April 1, 2026.
• Previously, 603 Restricted Stock Units were granted on December 6, 2024, at $13.08 per unit, which became exercisable on April 1, 2025, and expired on December 31, 2025. These units are no longer beneficially owned as derivatives, implying conversion to common stock.
• Indirectly owns an additional 127,080 shares of Class A Common Stock through a 401(k) Retirement Savings Plan.

Sentiment

Score: 7

Explanation: The filing reports routine insider transactions, including the acquisition of common stock and grants of restricted stock units, which generally indicate management's continued alignment with shareholder interests and confidence in the company.

Positives

• The acquisition of 603 Class A Common Stock shares by a key officer indicates continued confidence in the company's future performance.
• The grant of 3,549 Restricted Stock Units aligns management's incentives with shareholder value creation through equity ownership.

Future Outlook

The 3,549 Restricted Stock Units granted on December 5, 2025, are scheduled to vest quarterly and will be fully vested by December 31, 2026, aligning the officer's future compensation with company performance.

Industry Context

This Form 4 filing is a routine regulatory disclosure of insider transactions, reflecting an officer's direct equity activity in the company. Such filings are standard across all publicly traded industries and provide transparency into management's holdings and incentive structures.

Stakeholder Impact

• Shareholders: The acquisition of shares and grant of RSUs to a key officer can be viewed positively, as it signals management's vested interest and alignment with shareholder value.

Next Steps

• Continued vesting of the 3,549 Restricted Stock Units through December 31, 2026.

Key Dates

Keywords

SECURITY NATIONAL FINANCIAL CORP, SNFCA, Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, Equity Incentive Plan, Jeffrey Russell Stephens, General Counsel, Corporate Secretary