Form 4: Waterstone Financial Director Exercises Options and Sells Shares
SEC Form 4 Filing
Director Patrick S. Lawton exercised stock options and sold shares of Waterstone Financial, Inc. on February 28, 2025.
Summary
- On February 28, 2025, Patrick S. Lawton, a director of Waterstone Financial, Inc., exercised stock options to acquire 37,500 shares of common stock at a price of $12.75 per share.
- Lawton then sold 37,500 shares of common stock at a weighted average price of $14.0283 per share, with individual sales ranging from $14.00 to $14.10.
- Following these transactions, Lawton directly owns 49,131 shares of Waterstone Financial, Inc.
- Lawton also continues to hold options for an additional 37,500 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction. The director exercised options and sold shares, which is a common practice.
Positives
- The exercise of stock options and subsequent sale of shares indicates that the director believes the stock is fairly valued.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/04/2016 | Date the stock options became exercisable |
| 03/04/2025 | Expiration date of the stock options |
| 02/28/2025 | Date of the transaction (exercise of options and sale of shares) |
| 03/03/2025 | Date of signature on the Form 4 filing |
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