Form 4: Sound Financial Bancorp Director Haddad Jr. Sells Shares
SEC Form 4
Director David S. Haddad Jr. of Sound Financial Bancorp sold 564 shares of common stock at $39.30 per share on May 14, 2024.
Summary
- On May 14, 2024, David S. Haddad Jr., a director of Sound Financial Bancorp, sold 564 shares of common stock at a price of $39.30 per share.
- Following the transaction, Haddad directly owns 3,928 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 neutral report of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives and directors. Investors often monitor these filings for signals about a company's prospects, although a single sale doesn't necessarily indicate a negative outlook.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 01/28/2022 | Start date for vesting of options to buy shares at $42.85 in four equal annual installments. |
| 01/27/2023 | Start date for vesting of options to buy shares at $40.13 in four equal annual installments. |
| 01/26/2025 | Start date for vesting of options to buy shares at $39.89 in three equal annual installments. |
| 01/28/2025 | Expiration date for options to buy 862 shares at $18.36. |
| 01/25/2029 | Expiration date for options to buy 250 shares at $33.50. |
| 01/31/2030 | Expiration date for options to buy 120 shares at $36.26. |
| 01/27/2031 | Expiration date for options to buy 300 shares at $32.46. |
| 01/28/2032 | Expiration date for options to buy 320 shares at $42.85. |
| 01/27/2033 | Expiration date for options to buy 320 shares at $40.13. |
| 01/26/2034 | Expiration date for options to buy 265 shares at $39.89. |
| 05/14/2024 | Date of transaction: Director sold 564 shares at $39.30. |
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