Form 4: Southern Missouri Bancorp Executive Acquires Shares and Options
SEC Form 4 Filing
Richard Windes, EVP-Chief Lending Officer of Southern Missouri Bancorp, reports acquisition of common stock and stock options.
Summary
- Richard Windes, an executive at Southern Missouri Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, Windes acquired 625 shares of common stock.
- Windes also acquired 1,500 stock options with an exercise price of $60.42, vesting in installments starting February 18, 2026.
- The report also reflects contributions to Windes' 401(k), resulting in indirect ownership of 1,911.0418 shares.
- Windes directly owns various stock options with different exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects insider transactions, which can be interpreted in various ways depending on the context.
Positives
- The acquisition of shares by an executive could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. They are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- Shareholders may view the executive's stock acquisition as a positive sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/04/2029 | Stock options become exercisable in 20% installments over a five-year period with the first installment vesting on 1/4/20. Each remaining installment vests annually thereafter. |
| 02/18/2025 | Date of transaction: acquisition of common stock and stock options. |
| 02/20/2025 | Date of signature on the Form 4. |
| 02/09/2026 | Shares are scheduled to vest over a five-year period beginning February 9, 2026, with up to 20% of the shares vesting on that date and on each of the next four anniversaries of that date based on the extent to which the Company's annualized return on average assets over the 12 calendar quarters ending immediately prior to the applicable vesting date exceeds a threshold level. |
| 02/18/2026 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/18/26. Each remaining installment vests annually thereafter. |
| 02/18/2035 | Expiration date for stock options acquired on 02/18/2025. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Common Stock, Southern Missouri Bancorp, SMBC, Richard Windes, Executive Compensation
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