Form 4: SR Bancorp Director Thomas Lupo Acquires Shares and Stock Options

Director Thomas Lupo of SR Bancorp, Inc. acquired 19,015 shares of common stock and 47,539 stock options on November 21, 2024.

Summary

• On November 21, 2024, Thomas Lupo, a director at SR Bancorp, Inc., acquired 19,015 shares of common stock.
• These shares were acquired at a price of $0.
• Following this transaction, Mr. Lupo directly owns 39,015 shares of common stock.
• Mr. Lupo also acquired 47,539 stock options with an exercise price of $11.04.
• These stock options vest at a rate of 20% per year starting November 21, 2025.
• The stock options expire on November 21, 2034.

Sentiment

Score: 6

Explanation: The document is a routine filing of insider transactions. It is neither particularly positive nor negative, but the acquisition of shares by a director is generally seen as a positive sign.

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 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 stock and 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

Keywords

SR Bancorp, insider trading, stock options, common stock, director, Form 4, equity