Southern Missouri Bancorp (SMBC) EVP inherits shares and lists options
Rhea-AI Filing Summary
Southern Missouri Bancorp EVP Mark E. Hecker reported an update to his holdings, mainly reflecting an inheritance and existing benefit-plan positions, rather than market trading. He directly received 1,220.684 shares of common stock at $0.00 per share through an estate or will transfer described as a distribution of the Estate of Patsy Hecker, which is noted as exempt from Section 16(b).
The filing also lists indirect common stock held in a spouse IRA, an IRA, and a 401(k), with the 401(k) position reflecting contributions since his last ownership report. In addition, Hecker holds multiple stock options (rights to buy common stock) with exercise prices between the mid-$30s and low-$60s and expiration dates from 2028 through 2036, many of which vest in 20% annual installments over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,220.684 shares
Net Buy
13 txns
Insider
HECKER MARK E
Role
EVP-CHIEF CREDIT OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | common stock | 1,220.684 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
common stock — 7,895.684 shares (Direct);
Stock Option (Right to Buy) — 18,500 shares (Direct);
Common Stock — 2,045.538 shares (Indirect, 401(k));
Common Stock — 10,630 shares (Indirect, IRA);
Common Stock — 185 shares (Indirect, Spouse IRA)
Footnotes (11)
- F1. The reported shares were acquired pursuant to the distribution of the Estate of Pasty Hecker. This transaction is exempt from Section 16(b).
- F2. Reflects 401(k) contributions that have occurred since the date of the reporting person's last ownership report.
- F3. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/24/27. Each remaining installment vests annually thereafter.
- F4. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/18/26. Each remaining installment vests annually thereafter.
- F5. The options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/8/25. Each remaining installment vests annually thereafter.
- F6. The options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/21/24. Each remaining installment vests annually thereafter.
- F7. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/3/23. Each remaining installment vests annually thereafter.
- F8. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/10/22. Each remaining installment vests annually thereafter.
- F9. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/18/21. Each remaining installment vests annually thereafter.
- F10. The options become exercisable in 20% installments over a five year period with the first installment vesting on 1/4/20. Each remaining installment vests annually thereafter.
- F11. The options become exercisable in 20% installments over a five year period with the first installment vesting on 1/16/19. Each remaining installment vests annually thereafter.
Key Figures
Inherited common shares: 1,220.684 shares
Direct common shares after transfer: 7,895.684 shares
Spouse IRA holding: 185.0000 shares
+5 more
8 metrics
Inherited common shares
1,220.684 shares
Acquired via estate or will transfer at $0.00 per share
Direct common shares after transfer
7,895.684 shares
Direct ownership following reported inheritance
Spouse IRA holding
185.0000 shares
Indirect ownership through spouse IRA
IRA holding
10,630.0000 shares
Indirect ownership through IRA
401(k) holding
2,045.5380 shares
Indirect ownership in 401(k), reflects contributions since last report
Option exercise price
$34.35 per share
Stock option (right to buy) expiring 2029-01-04
Highest option exercise price
$62.96 per share
Stock option (right to buy) expiring 2036-02-24
Largest option block
3,000.0000 underlying shares
Stock option (right to buy) expiring 2031-02-10
Key Terms
Section 16(b), Stock Option (Right to Buy), 401(k), laws of descent and distribution, +1 more
5 terms
Section 16(b) regulatory
"This transaction is exempt from Section 16(b)."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
401(k) financial
"nature_of_ownership": "401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
laws of descent and distribution regulatory
"Acquisition or disposition by will or laws of descent and distribution"
Estate of Patsy Hecker financial
"acquired pursuant to the distribution of the Estate of Patsy Hecker"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SMBC executive Mark E. Hecker report in this Form 4 filing?
Mark E. Hecker reported updated ownership in Southern Missouri Bancorp common stock. The filing mainly reflects an inherited share transfer and existing benefit-plan holdings, rather than open-market buying or selling activity.
What is Mark E. Hecker’s direct common stock holding after the inheritance at SMBC?
After the reported inheritance, Hecker directly holds 7,895.684 shares of Southern Missouri Bancorp common stock. This figure reflects the new estate-related shares combined with his prior directly held position disclosed in the filing.
What indirect Southern Missouri Bancorp holdings does Mark E. Hecker report?
Hecker reports indirect ownership through retirement accounts. These include 185 shares in a spouse IRA, 10,630 shares in an IRA, and 2,045.538 shares in a 401(k) plan, with the 401(k) amount reflecting contributions since his previous ownership report.
What stock options does Mark E. Hecker hold in Southern Missouri Bancorp?
Hecker holds several stock options to buy Southern Missouri Bancorp common stock. Exercise prices range from $34.35 to $62.96 per share, with expiration dates between 2028 and 2036 and vesting in 20% annual installments over five years.