Form 4: Waterstone Financial Director Hansen Exercises Options and Sells Shares
SEC Form 4
Director Michael L. Hansen of Waterstone Financial, Inc. exercised stock options and sold shares on August 29, 2024.
Summary
- On August 29, 2024, Michael L. Hansen, a director of Waterstone Financial, Inc., exercised stock options to acquire 6,931 shares of common stock at a price of $12.75 per share.
- Following the exercise of options, Hansen sold a total of 6,931 shares in multiple transactions.
- The sales occurred at prices of $15.00, $15.01, and $15.02 per share.
- After these transactions, Hansen directly owns 79,872 shares of Waterstone Financial, Inc. common stock.
- Hansen also indirectly owns 186,541 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The sentiment is neither positive nor negative as it simply reflects the director's actions.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the stock sale as a lack of confidence, but it could also be for personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 03/04/2016 | Date stock options were exercisable |
| 03/04/2025 | Expiration date of stock options |
| 08/29/2024 | Date of stock option exercise and share sales |
| 08/30/2024 | Date of signature on the Form 4 filing |
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