First Savings Financial (NASDAQ: FSFG) COO holds 76,215 shares after option exercises
Rhea-AI Filing Summary
First Savings Financial Group’s Chief Operating Officer, Jacqueline R. Journell, reported multiple stock option exercises in common stock on January 20, 2026. She acquired 1,500 shares at $26.72, 1,500 shares at $22.49, 2,556 shares at $15.10, and 768 shares at $29.00 through option exercises coded “M.” After these transactions, she directly beneficially owned 76,215 shares of common stock and indirectly held 9,200 shares through an ESOP.
Footnotes explain that both restricted stock and stock options were originally scheduled to vest in 20% annual installments beginning on various November and April dates, but vesting was accelerated to the transaction date under an Agreement and Plan of Merger between the company and First Merchants Corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 0 | $0.00 | -- |
| Exercise | Stock Options | 0 | $0.00 | -- |
| Exercise | Stock Options | 0 | $0.00 | -- |
| Exercise | Stock Options | 0 | $0.00 | -- |
| Exercise | Common Stock | 1,500 | $26.72 | $40K |
| Exercise | Common Stock | 1,500 | $22.49 | $34K |
| Exercise | Common Stock | 2,556 | $15.10 | $39K |
| Exercise | Common Stock | 768 | $29.00 | $22K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. 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, 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. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2022. 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 did FSFG’s COO report in this Form 4 filing?
FSFG’s Chief Operating Officer Jacqueline R. Journell reported exercising multiple stock options for common stock on January 20, 2026, increasing her directly held shares.
At what prices were the FSFG stock options exercised?
The options were exercised for 1,500 shares at $26.72, 1,500 shares at $22.49, 2,556 shares at $15.10, and 768 shares at $29.00 per share.
What does transaction code "M" mean in this FSFG Form 4?
Transaction code “M” indicates the exercise or conversion of derivative securities, in this case stock options that were converted into FSFG common shares.
How are the COO’s indirect FSFG holdings structured?
The filing shows an indirect holding of 9,200 shares of common stock, listed as owned "By ESOP", indicating these shares are held through an employee stock ownership plan.
How did the merger with First Merchants Corporation affect vesting?
Footnotes state that restricted stock and stock options scheduled to vest 20% annually beginning on specified dates had their vesting accelerated to the transaction date under an Agreement and Plan of Merger with First Merchants Corporation.