[Form 4] GUARANTY BANCSHARES INC /TX/ Insider Trading Activity
Rhea-AI Filing Summary
Lisa S. Gallerano, Executive Vice President and General Counsel of Guaranty Bancshares, Inc. (GNTY), reported transactions tied to the company’s merger with Glacier Bancorp, Inc. On 10/01/2025 she disposed of 1,422 shares and 363 shares of Guaranty common stock, each exchanged under the Merger Agreement for Glacier common stock valued at $48.75 per share on the merger effective date, leaving her with 0 Guaranty shares.
A previously granted stock option that originally covered Guaranty common stock became fully vested on the merger and was assumed by Glacier. That option was replaced with a Glacier option to purchase 4,183 shares at an exercise price of $32.03. The Form 4 also notes an adjustment reflecting a special cash dividend of $2.30 per share paid by Guaranty on 9/23/2025.
Positive
- None.
Negative
- None.
Insights
Insider ownership shifted to acquirer with executive equity actions tied to the merger.
The filing shows 1,785 Guaranty shares were exchanged for Glacier shares under the merger, and the reporting person now holds 0 Guaranty shares. This documents a complete transfer of direct common-stock ownership in Guaranty for this insider.
The signature by an attorney-in-fact on 10/02/2025 formalizes the Section 16 filing; the record links the equity changes directly to the Merger Agreement executed June 24, 2025.
Executive option treatment: full vesting and substitution by Glacier option.
An option that vested in five annual installments became fully vested upon the merger and was assumed by Glacier, converted into an option to buy 4,183 Glacier shares at $32.03. The Form 4 explicitly states the replacement and the exercise price.
The filing also records an adjustment for a $2.30 special cash dividend paid on 9/23/2025, which affected option share calculations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 4,183 | $0.00 | -- |
| Disposition | Common Stock | 1,422 | $0.00 | -- |
| Disposition | Common Stock | 363 | $0.00 | -- |
Footnotes (1)
- Disposed of pursuant to the Plan and Agreement of Merger, dated as of June 24, 2025, by and among, Guaranty Bancshares, Inc., Guaranty Bank & Trust, N.A., Glacier Bancorp, Inc. ("Glacier"), and Glacier Bank (the "Merger Agreement") in exchange for 1,422 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger. Disposed of pursuant to the Merger Agreement in exchange for 363 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger. Adjusted to reflect the payment by Guaranty Bancshares, Inc. on September 23, 2025 of a special cash dividend on its common stock in the amount of $2.30 per share of common stock. This option, which provided for vesting in five equal annual installments beginning September 7, 2021, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 4,183 shares of Glacier common stock for $32.03 per share.
