Form 4: Sound Financial Bancorp CEO Laura Lee Stewart Reports Gift of Shares
SEC Form 4
Laura Lee Stewart, President and CEO of Sound Financial Bancorp, reported a gift of 3,000 common stock shares to a donor advised fund on August 16, 2024.
Summary
- On August 16, 2024, Laura Lee Stewart, the President and CEO of Sound Financial Bancorp, reported a transaction involving the company's common stock.
- The transaction involved a gift of 3,000 shares of common stock to a donor advised fund.
- Following the transaction, Stewart directly owns 60,402 shares of common stock.
- Stewart also indirectly owns 14,409 shares through an ESOP and 18,034 shares through a 401(k).
- Stewart also holds options to purchase shares of common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The gift of shares by the CEO could be viewed positively by stakeholders as it demonstrates a commitment to charitable giving.
Key Dates
| Date | Description |
|---|---|
| 01/25/2029 | Expiration date for stock options to buy 250 shares at $33.50. |
| 01/31/2030 | Expiration date for stock options to buy 120 shares at $36.26. |
| 01/27/2031 | Expiration date for stock options to buy 300 shares at $32.46. |
| 01/27/2033 | Expiration date for stock options to buy 1,800 shares at $40.13; options vest in three equal annual installments beginning on January 27, 2023. |
| 01/26/2034 | Expiration date for stock options to buy 259 shares at $39.89; options vest in three equal annual installments beginning on January 26, 2025. |
| 08/16/2024 | Date of the transaction where 3,000 shares of common stock were gifted. |
| 08/19/2024 | Date of the Form 4 filing. |
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