Form 4: Waterstone Financial Director Stephen J. Schmidt Reports Stock Transactions
SEC Form 4
Director Stephen J. Schmidt of Waterstone Financial, Inc. reports the exercise of stock options and subsequent sale of common stock on November 7, 2024.
Summary
- On November 7, 2024, Stephen J. Schmidt, a director of Waterstone Financial, Inc., executed transactions involving the company's stock.
- Schmidt exercised stock options for 9,190 shares at a price of $12.75 per share.
- Following the exercise of these options, Schmidt sold a total of 4,000 shares of common stock in multiple transactions at prices ranging from $15.75 to $15.99 per share.
- After these transactions, Schmidt directly owns 74,287 shares of Waterstone Financial, Inc. common stock and 90,810 stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The director's actions don't necessarily indicate a positive or negative outlook for the company.
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 directors to exercise stock options and sell a portion of the acquired shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 03/04/2016 | Date the stock options became exercisable |
| 03/04/2025 | Expiration date of the stock options |
| 11/07/2024 | Date of the reported transactions: stock option exercise and stock sales |
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