First Savings Financial (FSFG) EVP logs 1,821-share move, options detailed
Rhea-AI Filing Summary
First Savings Financial Group EVP James E. Valete, Chief SBA Lending Officer, reported a disposition of 1,821 shares of common stock of First Savings Financial Group, Inc. on January 20, 2026 at a price of $31.85 per share in a transaction coded "F." After this transaction, he directly beneficially owned 4,662 shares of common stock.
The filing also shows stock option holdings that were affected by vesting acceleration pursuant to the Agreement and Plan of Merger between the issuer and First Merchants Corporation. These options cover 3,750 shares at an exercise price of $22.49, 4,250 shares at $15.10, and 960 shares at $29.00, with stated vesting schedules beginning on November 21 of 2023, 2024, and 2025, respectively, and expiration dates in 2032, 2033, and 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,821 | $31.85 | $58K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
Footnotes (1)
- Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on April 14, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
FAQ
What insider transaction did FSFG executive James E. Valete report?
James E. Valete, EVP and Chief SBA Lending Officer of First Savings Financial Group, Inc. (FSFG), reported a disposition of 1,821 shares of common stock on January 20, 2026 in a transaction coded "F" at a price of $31.85 per share.
What stock options does James E. Valete hold in First Savings Financial Group (FSFG)?
The Form 4 shows that James E. Valete holds stock options for 3,750 shares at an exercise price of $22.49 expiring on November 21, 2032, 4,250 shares at $15.10 expiring on November 21, 2033, and 960 shares at $29.00 expiring on November 21, 2034, all held directly.
How did the merger agreement affect James E. Valete’s FSFG equity awards?
According to the footnotes, both restricted stock and stock options that were originally scheduled to vest at a rate of 20% per year beginning on various dates in 2023 through 2026 had their vesting accelerated to the transaction date pursuant to the Agreement and Plan of Merger between First Savings Financial Group, Inc. and First Merchants Corporation.
What is the role of James E. Valete at First Savings Financial Group (FSFG)?
James E. Valete is identified as an officer of First Savings Financial Group, Inc., serving as EVP, Chief SBA Lending Officer, and is not listed as a director or 10% owner in this Form 4.
Are James E. Valete’s FSFG holdings reported as direct or indirect ownership?
The Form 4 indicates that James E. Valete’s 4,662 shares of common stock and all reported stock options are held with direct (D) ownership, with no separate nature of indirect beneficial ownership disclosed.