Central Plains Bancshares Issues Fresh Equity Package to CEO Garness

Rhea-AI Filing Summary

Central Plains Bancshares (CPBI) submitted a Form 4 reporting equity compensation granted to President & CEO Daniel R. Garness on May 27 2025.

• Restricted stock: 9,000 shares awarded at $0 cost; vests 20 % per year starting May 27 2026.
• Stock options: 15,000 options with a $14.61 strike price; vest on the same 20 % annual schedule and expire May 27 2035.
• After the grants, Garness directly holds 9,000 common shares and 15,000 options; no shares were sold or transferred.

The filing reflects routine executive compensation, with no immediate cash impact to the company and no change in public float. The transactions were reported individually as required under Section 16(a).

Insights

Executive Compensation Analyst

TL;DR – Routine equity grants, no immediate share-price impact

The Form 4 details standard long-term incentive awards rather than open-market purchases. Because the CEO received both restricted stock and options, the company is aligning leadership incentives with shareholder value over the next decade. However, the $14.61 option strike sits at an unknown premium or discount relative to the current market price—information not provided—so valuation cannot be gauged from the filing alone. With 20 % annual vesting, dilution, if any, will be gradual and already contemplated in existing equity plans. Overall, the disclosure is neutral for investors, signaling neither unusual confidence (no cash purchase) nor concern (no sale).

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garness Daniel R

(Last) (First) (Middle)

221 SOUTH LOCUST STREET

(Street)

GRAND ISLAND NE 68801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Central Plains Bancshares, Inc. [ CPBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/27/2025		A		9,000(1)	A	$0	9,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$14.61	05/27/2025		A		15,000(2)		05/27/2026	05/27/2035	Common Stock	15,000(2)	$0	15,000(2)	D

Explanation of Responses:

1. Shares of restricted stock vest at a rate of 20% per year commencing on May 27, 2026.

2. Stock options vest at a rate of 20% per year commencing on May 27, 2026.

	/s/ Edward A. Quint, pursuant to power of attorney	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Central Plains Bancshares shares did CEO Daniel Garness acquire on 05/27/2025?

The Form 4 shows a grant of 9,000 restricted shares to Mr. Garness at no cost.

What is the strike price of the new CPBI stock options granted to the CEO?

The options have a $14.61 exercise price and cover 15,000 shares.

When do the CPBI restricted shares and options begin to vest?

Both awards vest 20 % per year starting on May 27 2026.

Did the CEO sell any CPBI shares in this Form 4 filing?

No. The filing reports only equity grants; there were no sales or dispositions.