Form 4: SR Bancorp Executive Chair David M. Orbach Acquires Shares and Stock Options

David M. Orbach, Executive Chair of SR Bancorp, acquired 38,032 shares of common stock and 95,079 stock options on January 29, 2025.

Summary

• On January 29, 2025, David M. Orbach, the Executive Chair of SR Bancorp, acquired 38,032 shares of common stock.
• These shares were acquired at a price of $0.
• Mr. Orbach also acquired 95,079 stock options with an exercise price of $12.50.
• The stock options vest at a rate of 20% per year starting on January 29, 2026, and expire on January 29, 2035.
• Following these transactions, Mr. Orbach directly owns 178,032 shares of common stock.
• He also indirectly owns 5,000 shares through his children and 1,445 shares through an ESOP.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction by an executive, which is generally viewed as neutral to slightly positive. The acquisition of shares and options suggests confidence in the company's future.

Positives

• The acquisition of shares and stock options by the Executive Chair 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 make transactions in their company's stock. It is a routine disclosure required by law to ensure transparency in the market.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, and SR Bancorp's filing is consistent with these requirements.
• The vesting schedule of 20% per year for both stock and options is a common practice in executive compensation packages.
• The use of stock options as part of executive compensation is also a standard practice in the industry, aligning management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of shares and stock options by the Executive Chair could be viewed positively by shareholders, indicating confidence in the company's future performance.

Key Dates

Keywords

SR Bancorp, David M. Orbach, stock options, common stock, insider trading, executive chair, share acquisition, equity