Form 4: Timberland Bancorp Executive Todd Van Cise Executes Stock Option and Sells Shares
SEC Form 4 Filing
Todd Van Cise, Chief Credit Officer/EVP of Timberland Bancorp, exercised stock options and sold shares on November 6, 2024.
Summary
- On November 6, 2024, Todd Van Cise, Chief Credit Officer/EVP of Timberland Bancorp, exercised stock options to acquire 400 shares of common stock at a price of $16.87 per share.
- Simultaneously, Van Cise sold 400 shares of common stock at a price of $32.61 per share.
- Following these transactions, Van Cise directly owns 2,500 shares and indirectly owns 2,108 shares through the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP).
- Van Cise also holds 9,400 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 09/22/2024 | Date exercisable for stock options |
| 11/06/2024 | Date of transaction: stock option exercise and share sale |
| 11/06/2024 | Date of Form 4 filing |
| 09/22/2030 | Expiration date for stock options |
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