Great Southern Bancorp (GSBC) CEO trims stake after option exercise
Rhea-AI Filing Summary
GREAT SOUTHERN BANCORP, INC. President and CEO Joseph W. Turner reported an exercise-and-sell transaction in company stock. On April 30, 2026, he exercised options to acquire 6,000 shares of common stock at $52.20 per share and sold 6,000 shares of common stock in an open-market transaction at an average price of $68.1603 per share. Following these trades, he directly holds 136,182 common shares. Indirect holdings include 369,738 shares through a LTD family partnership, 18,563 shares via a 401(k) plan and 2,478 shares attributed to his spouse, plus 11,395 shares held in a children's trust. He also retains multiple option awards to purchase common stock with exercise prices such as $57.29, $61.79 and $41.74, expiring between 2028 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 6,000 shares ($96K approx. pre-tax spread)
Exercise and Sale
15 txns
Insider
TURNER JOSEPH W
Role
President/CEO
Sold
6,000 shs ($409K)
Approx. gross sale proceeds
$409K
Approx. exercise cost
$313K
Approx. pre-tax spread
$96K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to purchase | 6,000 | $52.20 | $313K |
| Exercise | Common stock | 6,000 | $52.20 | $313K |
| Sale | Common stock | 6,000 | $68.1603 | $409K |
| Other | Common stock | 17 | $67.5743 | $1K |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Option to purchase — 60,450 shares (Direct);
Common stock — 136,182 shares (Direct);
Common stock — 11,395 shares (Indirect, Children's Trust);
Common stock — 2,478 shares (Indirect, Spouse);
Common stock — 18,563 shares (Indirect, 401(k) Plan);
Common stock — 369,738 shares (Indirect, LTD Family Partnership)
Footnotes (11)
- F1. DRIP acquisition exempt from Section 16 reporting being reported voluntarily
- F2. Reflects reporting person's holdings of units in Issuer's common stock fund under Issuer's 401(k) plan. Number of shares shown as beneficially owned under the plan represents the approximate equivalent number of shares of Issuer's common stock.
- F3. 1,500 shares vest on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022
- F4. 1,750 shares vest on 11/28/2020, 11/28/2021, 11/28/2022 and 11/28/2023
- F5. 1,750 shares vest on 11/20/2021, 11/20/2022, 11/20/2023 and 11/20/2024
- F6. 1,875 shares vest on 10/26/2022, 10/26/2023, 10/26/2024 and 10/26/2025
- F7. 1,938 shares vest on 11/17/2023 and 11/17/2024, and 1,937 shares vest on 11/17/2025 and 11/17/2026
- F8. 1,950 shares vest on 11/16/2024, 11/16/2025, 11/16/2026 and 11/16/2027
- F9. 1,950 shares vest on 11/15/2025, 11/15/2026, 11/15/2027 and 11/15/2028
- F10. 1,950 shares vest on 11/20/2026, 11/20/2027, 11/20/2028 and 11/20/2029
- F11. 1,950 shares vest on 11/19/2027, 11/19/2028, 11/19/2029 and 11/19/2030
Key Figures
Open-market sale: 6,000 shares at $68.1603
Option exercise: 6,000 shares at $52.20
Direct holdings after transaction: 136,182 shares
+5 more
8 metrics
Open-market sale
6,000 shares at $68.1603
Common stock sale on April 30, 2026
Option exercise
6,000 shares at $52.20
Common stock option exercise on April 30, 2026
Direct holdings after transaction
136,182 shares
Common stock directly owned following trades
LTD Family Partnership holdings
369,738 shares
Indirect common stock ownership via LTD family partnership
401(k) plan holdings
18,563 shares
Approximate equivalent shares in issuer’s 401(k) common stock fund
Children's trust holdings
11,395 shares
Indirect common stock ownership in children’s trust
Option exercise price example
$57.29 per share
Remaining option grant to purchase common stock, expiring November 19, 2035
Option exercise price example
$41.74 per share
Remaining option grant to purchase common stock, expiring October 26, 2030
Key Terms
DRIP acquisition, Section 16 reporting, 401(k) plan, LTD Family Partnership, +2 more
6 terms
DRIP acquisition financial
"DRIP acquisition exempt from Section 16 reporting being reported voluntarily"
Section 16 reporting regulatory
"DRIP acquisition exempt from Section 16 reporting being reported voluntarily"
401(k) plan financial
"holdings of units in Issuer's common stock fund under Issuer's 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
LTD Family Partnership financial
"Common stock, transaction_type holding, nature_of_ownership LTD Family Partnership"
Children's Trust financial
"Common stock, transaction_code J, nature_of_ownership Children's Trust"
Option to purchase financial
"Option to purchase, underlying security title Common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did GSBC CEO Joseph W. Turner report in this Form 4 filing?
Joseph W. Turner reported an exercise-and-sell transaction involving Great Southern Bancorp stock. He exercised options for 6,000 common shares and sold 6,000 shares in an open-market transaction, while maintaining substantial direct, indirect and option-based holdings in the company.
What option exercise did the GSBC CEO complete in this filing?
He exercised options to acquire 6,000 shares of Great Southern Bancorp common stock. The exercise price was $52.20 per share, converting a derivative award into common shares that were then sold in the same filing’s reported open-market transaction.
What indirect GSBC holdings are associated with the CEO after this Form 4?
Indirect interests include 369,738 shares through a LTD family partnership, 18,563 shares via a 401(k) plan and 2,478 shares attributed to his spouse. In addition, a children’s trust holds 11,395 shares, all reported as indirect ownership positions linked to the CEO.
What stock options does the GSBC CEO still hold after the reported exercise?
He retains several option grants to purchase Great Southern Bancorp common stock, with exercise prices such as $57.29, $61.79, $53.22 and $41.74. These options cover thousands of underlying shares and have expiration dates ranging from 2028 through 2035.