Guaranty (GNTY) Insider Exchanges 42,588 Shares for Glacier Stock
Rhea-AI Filing Summary
Harold E. Lower II, an executive (EVP) of Guaranty Bancshares, Inc. (GNTY), reported transactions tied to the company’s merger with Glacier Bancorp, Inc. On 10/01/2025 he disposed of 11,809 and 30,779 shares of Guaranty common stock in exchange for Glacier common stock at a stated market value of $48.75 per share on the merger effective date, leaving him with 0 Guaranty common shares.
Several stock options were adjusted or assumed by Glacier: options converted into rights to purchase 5,229, 1,380, and 3,137 shares of Glacier common stock at exercise prices of $27.47, $23.47, and $27.60, respectively. The filing notes a special cash dividend of $2.30 per share paid by Guaranty on 9/23/2025, which was reflected in the option adjustments.
Positive
- None.
Negative
- None.
Insights
Insider holdings converted under merger; reporting owner holds no Guaranty common stock after exchanges.
The Form 4 shows the reporting person disposed of a total of 42,588 Guaranty shares (11,809 + 30,779) in exchange for Glacier common stock under the Merger Agreement.
All disclosed Guaranty stock options were either assumed by Glacier or replaced with Glacier options with specified exercise prices ($27.47, $23.47, $27.60), preserving economic rights post‑transaction.
Equity awards were adjusted for a $2.30 special dividend and largely converted to Glacier options.
The filing explicitly states options were adjusted to reflect the $2.30 per‑share special cash dividend paid on 9/23/2025, and vesting/assumption details are provided for each option class.
One option became fully vested on merger and was replaced by a Glacier option exercisable at the disclosed price; exercisability and expiration dates are noted where applicable.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 5,229 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 1,380 | $0.00 | -- |
| Disposition | Stock Option (right to buy) | 3,137 | $0.00 | -- |
| Disposition | Common Stock | 11,809 | $0.00 | -- |
| Disposition | Common Stock | 30,779 | $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 11,809 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 30,779 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 April 30, 2024, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 5,229 shares of Glacier common stock for $27.47 per share. This option, which provided for vesting in five equal annual installments beginning June 1, 2017, was assumed by Glacier in the merger and replaced with an option to purchase 1,380 shares of Glacier common stock for $23.47 per share. This option, which provided for vesting in five equal annual installments beginning August 31, 2023, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 3,137 shares of Glacier common stock for $27.60 per share.
