Form 4: Southern Missouri Bancorp EVP Acquires Shares and Options
SEC Form 4
Mark E. Hecker, EVP-Chief Credit Officer of Southern Missouri Bancorp, reports acquisition of shares and stock options.
Summary
- Mark E. Hecker, EVP-Chief Credit Officer of Southern Missouri Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, Hecker acquired 625 shares of common stock at $0 and disposed of 1,836.5455 shares of common stock.
- Following the transaction, Hecker directly owns 6,075 shares of common stock.
- Hecker also indirectly owns 10,630 shares through an IRA, 185 shares through a Spouse IRA and 1,836.5455 shares through a 401(k).
- Hecker also holds multiple stock options with varying exercise prices and expiration dates.
- These options grant him the right to buy a total of 17,000 shares of common stock.
- The options vest in 20% installments over five-year periods, starting on various dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it primarily reports transactions. The acquisition of shares is mildly positive, while the disposal of shares is mildly negative, balancing each other out.
Positives
- The acquisition of shares and options by a key executive could be seen as a positive signal about the executive's confidence in the company's future prospects.
Negatives
- The disposal of 1,836.5455 shares of common stock by a key executive could be seen as a negative signal about the executive's confidence in the company's future prospects.
Risks
- The vesting of stock options is tied to the company's performance, specifically its annualized return on average assets, which introduces a performance-based risk factor.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the executive's stock transactions as a signal of confidence or lack thereof in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/16/2019 | Options for 2,000 shares at $37.31 become exercisable in 20% installments, starting on this date. |
| 01/04/2020 | Options for 2,000 shares at $34.35 become exercisable in 20% installments, starting on this date. |
| 02/18/2021 | Options for 2,000 shares at $37.40 become exercisable in 20% installments, starting on this date. |
| 02/10/2022 | Options for 3,000 shares at $34.91 become exercisable in 20% installments, starting on this date. |
| 02/03/2023 | Options for 1,500 shares at $53.82 become exercisable in 20% installments, starting on this date. |
| 02/21/2024 | Options for 2,500 shares at $46.94 become exercisable in 20% installments, starting on this date. |
| 02/08/2025 | Options for 2,500 shares at $40.82 become exercisable in 20% installments, starting on this date. |
| 02/18/2025 | Date of the reported transaction involving the acquisition and disposal of common stock and grant of stock options. |
| 02/18/2026 | Options for 1,500 shares at $60.42 become exercisable in 20% installments, starting on this date. |
| 01/16/2028 | Expiration date for options exercisable starting 01/16/2019. |
| 01/04/2029 | Expiration date for options exercisable starting 01/04/2020. |
| 02/18/2030 | Expiration date for options exercisable starting 02/18/2021. |
| 02/10/2031 | Expiration date for options exercisable starting 02/10/2022. |
| 02/03/2032 | Expiration date for options exercisable starting 02/03/2023. |
| 02/21/2033 | Expiration date for options exercisable starting 02/21/2024. |
| 02/08/2034 | Expiration date for options exercisable starting 02/08/2025. |
| 02/18/2035 | Expiration date for options exercisable starting 02/18/2026. |
Keywords
Form 4, beneficial ownership, stock options, common stock, Southern Missouri Bancorp, insider trading, executive compensation, SMBC, Hecker
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