GOVB insider Sadie Hall receives 4,000 shares; 10,000 options at $14.25
Rhea-AI Filing Summary
Sadie M. Hall, identified as VP, COO & Compliance Officer of Gouverneur Bancorp, Inc. (GOVB), reported changes in beneficial ownership dated 10/01/2025. The filing shows an acquisition of 4,000 common shares through a stock award and an acquisition of a 10,000-share stock option with a $14.25 exercise price. The option is exercisable beginning 10/01/2026 and expires 10/01/2035. The stock award and the option both vest in five equal annual installments commencing 10/01/2026. The report also shows a disposition of 100 common shares and indicates 335 shares held indirectly via an ESOP. The signature date on the Form 4 is 10/02/2025. The filing is limited to these grant, vesting, and ownership details and does not include other company financial data.
Positive
- 4,000-share stock award granted to a senior officer, indicating retention incentives
- 10,000-share stock option granted with a $14.25 exercise price and long expiration (10/01/2035)
Negative
- 100-share disposition reported on 10/01/2025 reducing direct holdings
Insights
Insider received equity and options with multi-year vesting; timing aligns with standard executive grants.
The Form 4 shows a 4,000-share stock award and a 10,000-share option granted on 10/01/2025, both vesting in five equal annual installments beginning 10/01/2026. This indicates the awards are structured to incentivize multi-year retention.
The option has a $14.25 exercise price, becomes exercisable on 10/01/2026, and expires on 10/01/2035. The filing also records a 100-share disposal and 335 shares held indirectly via an ESOP. These are factual ownership and grant terms disclosed on the Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Grant/Award | Common Stock | 4,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Stock Awards granted pursuant to the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan vest in five equal annual installments commencing on October 1, 2026. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c). Stock Options granted pursuant to the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan vest in five equal annual installments commencing on October 1, 2026.
