Form 4: SR Bancorp Director Acquires Shares and Stock Options
SEC Form 4 Filing
Director Douglas M. Sonier acquired 19,015 shares of common stock and 47,539 stock options in SR Bancorp, Inc.
Summary
- Douglas M. Sonier, a director at SR Bancorp, Inc., acquired 19,015 shares of common stock on November 21, 2024.
- These shares were acquired at a price of $0.
- Following this transaction, Mr. Sonier now beneficially owns 44,015 shares of common stock.
- Mr. Sonier also acquired 47,539 stock options on the same date, with an exercise price of $11.04.
- These stock options vest at a rate of 20% per year starting November 21, 2025, and expire on November 21, 2034.
- The stock options are for 47,539 shares of common stock.
Sentiment
Score: 6
Explanation: The document is a routine filing of insider transactions, which is neither particularly positive nor negative. The acquisition of shares and options by a director could be seen as a positive sign, but it's not a major event.
Positives
- The acquisition of shares and stock options by a director could be seen as a positive sign of confidence in the company's future.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade in their company's stock. It provides transparency into the transactions of company directors.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The vesting schedule of 20% per year for both restricted stock and stock options is a common practice in executive compensation packages.
- The exercise price of $11.04 for the stock options is a specific detail related to SR Bancorp's compensation structure and would need to be compared to similar companies to assess its competitiveness.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 11/21/2024 | Date of the transaction where shares and stock options were acquired. |
| 11/21/2025 | Commencement date for vesting of both restricted stock and stock options at a rate of 20% per year. |
| 11/21/2034 | Expiration date of the stock options. |
| 11/22/2024 | Date the form was signed. |
Keywords
SR Bancorp, insider trading, stock options, share acquisition, director, Form 4, equity
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