Form 4: Sound Financial Bancorp Director Haddad David S Jr. Sells Shares
SEC Form 4
Director David S. Haddad Jr. of Sound Financial Bancorp sold 3,925 shares of common stock at $54.04 per share on November 5, 2024.
Summary
- On November 5, 2024, David S. Haddad Jr., a director of Sound Financial Bancorp, sold 3,925 shares of common stock at a price of $54.04 per share.
- Following the transaction, Haddad directly owns 3 shares and indirectly owns 13,548 shares through an IRA.
- Haddad also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a director's decision to sell a portion of their holdings.
Comparison to Industry Standards
- Comparing insider transactions to those of peers like Columbia Banking System Inc. and First Northwest Bancorp could provide context.
- Analyzing the ratio of insider buys to sells across the banking sector can indicate overall sentiment.
- Benchmarking the option grants against industry standards for executive compensation can reveal if Haddad's holdings are typical.
Stakeholder Impact
- Shareholders may interpret the director's stock sale as a signal, potentially affecting investor confidence.
- The sale has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/28/2022 | Start date for vesting of options with exercise price of $42.85. |
| 01/27/2023 | Start date for vesting of options with exercise price of $40.13. |
| 01/28/2025 | Expiration date for stock options with an exercise price of $18.36. |
| 01/26/2025 | Start date for vesting of options with exercise price of $39.89. |
| 01/25/2029 | Expiration date for stock options with an exercise price of $33.50. |
| 01/31/2030 | Expiration date for stock options with an exercise price of $36.26. |
| 01/27/2031 | Expiration date for stock options with an exercise price of $32.46. |
| 01/28/2032 | Expiration date for stock options with an exercise price of $42.85. |
| 01/27/2033 | Expiration date for stock options with an exercise price of $40.13. |
| 01/26/2034 | Expiration date for stock options with an exercise price of $39.89. |
| 11/05/2024 | Date of the stock sale transaction. |
| 11/07/2024 | Date of the Form 4 filing. |
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