Form 4: Southern Missouri Bancorp Executive Dorton Sells Shares and Reports 401(k) Contributions
SEC Form 4 Filing
Brett Dorton, EVP-Chief Strategies Officer of Southern Missouri Bancorp, sold 260 shares of common stock at $53.86 and reported 401(k) contributions.
Summary
- On August 16, 2024, Brett Dorton, EVP-Chief Strategies Officer of Southern Missouri Bancorp, sold 260 shares of common stock at a price of $53.86 per share.
- Following the transaction, Dorton directly owns 1,640 shares of common stock.
- Dorton also indirectly owns 4,394.06 shares through a 401(k) plan, reflecting contributions since the last ownership report.
- Dorton holds multiple stock options with varying exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports a routine stock sale and 401(k) contributions. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies.
- The impact of this sale on Southern Missouri Bancorp's stock is likely minimal, given the relatively small number of shares sold by Dorton compared to the company's overall market capitalization.
- Similar filings can be observed for executives at comparable regional banks, such as Simmons First National Corporation or United Community Banks, Inc.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the small size of the transaction.
- The 401(k) contributions benefit Dorton as an employee.
Key Dates
| Date | Description |
|---|---|
| 01/04/2029 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 1/4/20. |
| 02/18/2030 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/18/21. |
| 02/10/2031 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/10/22. |
| 02/03/2032 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/3/23. |
| 02/21/2033 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/21/24. |
| 02/08/2034 | Options become exercisable in 20% installments over a five-year period with the first installment vesting on 02/08/25. |
| 08/16/2024 | Date of the transaction where Dorton sold 260 shares of common stock. |
| 08/20/2024 | Date of the form filing. |
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