Guaranty Bancshares (GNTY) Officer Exercises Options; Immediate Sale Realizes Spread
Rhea-AI Filing Summary
Guaranty Bancshares insider transactions: William Travis Brown, Senior EVP & Chief Lending Officer, exercised stock options to acquire 8,500 shares at an exercise price of $27.87 per share on 08/14/2025 and immediately sold 8,500 shares the same day at a weighted average sale price of $45.86 per share. Following the transactions, the reporting person directly beneficially owned 1,321 shares and indirectly beneficially owned 6,733 shares through the issuer KSOP; the stock options leave him with 2,500 exercisable options underlying 11,000 shares. The sale was executed in multiple trades at prices ranging $45.85–$46.45.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer exercised options and sold the same number of shares, realizing the spread between $27.87 exercise and ~$45.86 sale price; impact appears routine.
Brown exercised 8,500 options at $27.87 and sold 8,500 shares at a weighted average of $45.86 on 08/14/2025. The transactions generated a material per-share spread but did not change indirect KSOP holdings. For investors, this is a common liquidity event by an executive using vested options. The filing discloses the weighted-average sale price range and remaining exercisable options (2,500) tied to 11,000 underlying shares, providing clear disclosure of post-transaction ownership.
TL;DR: The insider sale followed option exercise; disclosure appears complete and timely with explanation of trade prices and vesting schedule.
The Form 4 shows the reporting person used stock options granted 08/22/2017 (vesting ratably over ten years) to acquire shares and sold them the same day. The form includes an explanation of the sale price range and commits to provide full trade details on request. Post-transaction direct and indirect ownership levels are reported, and the filing is signed by an attorney-in-fact, indicating procedural compliance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 8,500 | $27.87 | $237K |
| Exercise | Common Stock | 8,500 | $27.87 | $237K |
| Sale | Common Stock | 8,500 | $45.86 | $390K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $45.85 to $46.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected Options vest ratably in annual installments over a period of ten (10) years from the grant date, 8/22/2017.
