Form 4: Waterstone Financial Director Stephen J. Schmidt Reports Stock Transactions

Director Stephen J. Schmidt reports exercising stock options and selling shares of Waterstone Financial, Inc. on November 8 and November 11, 2024.

Summary

• On November 8 and 11, 2024, Stephen J. Schmidt, a director of Waterstone Financial, Inc., engaged in multiple transactions involving the company's common stock.
• Schmidt exercised stock options to acquire 3,064 shares on November 8 and 2,675 shares on November 11 at a price of $12.75 per share.
• Concurrently, Schmidt sold shares on the open market at prices ranging from $15.75 to $15.82 per share.
• The sales on November 8 involved multiple transactions, disposing of 944, 100, 199, 396, 510, 210 and 705 shares.
• The sales on November 11 involved multiple transactions, disposing of 600, 100, 200, 427, 108, 685, 77, 14, 64 and 400 shares.
• Following these transactions, Schmidt directly owns 70,078 shares of common stock and holds options for 85,071 shares.
• These options are exercisable from March 4, 2016, and expire on March 4, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by a company director, with no inherent positive or negative implications.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company directors. 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 minimal.

Key Dates