Form 4: SR Bancorp CEO William P. Taylor Acquires Shares and Stock Options
SEC Form 4 Filing
SR Bancorp CEO William P. Taylor acquired 45,638 shares of common stock and 114,095 stock options on January 29, 2025.
Summary
- William P. Taylor, CEO of SR Bancorp, acquired 45,638 shares of common stock on January 29, 2025.
- These shares were acquired at a price of $0.
- Mr. Taylor also acquired 114,095 stock options with an exercise price of $12.50 on the same date.
- The stock options vest at a rate of 20% per year starting January 29, 2026.
- The shares of restricted stock also vest at a rate of 20% per year commencing on January 29, 2026.
- Following these transactions, Mr. Taylor directly owns 67,338 shares of common stock.
- He also indirectly owns 22,251 shares through a 401(k), 1,445 shares through an ESOP, and 5,000 shares through his mother.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation transaction, which is generally viewed positively as it aligns management's interests with shareholders. The vesting schedule indicates a long-term commitment.
Positives
- The acquisition of shares and stock options by the CEO could be seen as a positive sign of confidence in the company's future.
Future Outlook
The vesting schedule for the acquired shares and stock options indicates a long-term commitment by the CEO to the company's performance.
Industry Context
This type of filing is common for publicly traded companies and reflects standard practice for executive compensation and insider trading reporting.
Comparison to Industry Standards
- The vesting schedule of 20% per year is a common practice in executive compensation packages.
- The acquisition of shares at $0 is likely due to a grant of restricted stock as part of the compensation package.
- Similar filings are made by executives at other financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo when they receive stock options or restricted stock.
Stakeholder Impact
- The acquisition of shares and stock options by the CEO could positively impact shareholder confidence.
- The vesting schedule may incentivize the CEO to focus on long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of acquisition of common stock and stock options. |
| 01/29/2026 | Commencement date for vesting of both shares and stock options at 20% per year. |
| 01/29/2035 | Expiration date of the stock options. |
| 01/30/2025 | Date the form was signed. |
Keywords
SR Bancorp, William P. Taylor, stock options, common stock, insider trading, executive compensation, share acquisition, vesting
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