4/A: SR Bancorp Executive Chair David Orbach Increases Stake in Company
SEC Form 4/A
David Orbach, Executive Chair of SR Bancorp, reports acquiring additional shares of common stock, increasing his total holdings.
Summary
- David Orbach, the Executive Chair of SR Bancorp, filed an amendment to a previous Form 4, reporting changes in his beneficial ownership of the company's stock.
- On March 18, 2025, Orbach acquired 200 shares at $11.545, 983 shares at $11.5607, 417 shares at $11.58, 100 shares at $11.62, and 3,300 shares at $11.64.
- On March 19, 2025, he acquired an additional 5,000 shares at $11.5361.
- Following these transactions, Orbach directly owns 188,032 shares of common stock.
- He also indirectly owns 5,000 shares through his children and 3,007 shares through an ESOP.
- Orbach also holds options for 95,079 shares of common stock, which vest at a rate of 20% per year starting January 29, 2026.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as the Executive Chair is increasing his stake in the company, which can be interpreted as a sign of confidence. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's outlook.
Positives
- The Executive Chair's increased investment in the company may signal confidence in SR Bancorp's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Monitoring these filings can offer insights into management's sentiment about the company's prospects.
Comparison to Industry Standards
- Comparing insider trading activity at SR Bancorp to similar regional banks would require analyzing Form 4 filings of executives at peer institutions like OceanFirst Financial Corp. or Fulton Financial Corp.
- A higher level of insider buying relative to selling could be seen as a positive signal compared to industry averages.
Stakeholder Impact
- The increased stake of the Executive Chair could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 01/29/2026 | Vesting of restricted stock and stock options begins at a rate of 20% per year. |
| 01/29/2035 | Expiration date for stock options. |
| 03/18/2025 | David Orbach purchased multiple blocks of SR Bancorp common stock. |
| 03/19/2025 | David Orbach purchased 5,000 shares of SR Bancorp common stock. |
| 03/20/2025 | Date of original filing and date of amendment filing. |
Keywords
SR Bancorp, SRBK, David Orbach, Beneficial Ownership, Stock Options, Common Stock, Executive Chair, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.