Southern Missouri (SMBC) CEO Greg Steffens receives new stock and option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEFFENS GREG A reported acquisition or exercise transactions in this Form 4 filing.
Southern Missouri Bancorp Chairman and CEO Greg A. Steffens reported equity awards on February 24, 2026. He received 1,500 stock options and 600 shares of common stock as grants at no cash cost to him.
The 600-share award is scheduled to vest over five years beginning February 9, 2027, with up to 20% vesting each year based on the company’s annualized return on average assets over the 12 calendar quarters preceding each vesting date. The new stock options vest in 20% installments over five years, with the first installment vesting on February 24, 2027 and additional installments vesting annually thereafter. The filing also updates Steffens’ direct and indirect holdings, including shares held through a 401(k) plan and as custodian for a daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
STEFFENS GREG A
Role
CHAIRMAN/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,500 | $0.00 | -- |
| Grant/Award | Common Stock | 600 | $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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,500 shares (Direct);
Common Stock — 219,258 shares (Direct);
Common Stock — 48,667.331 shares (Indirect, 401(k))
Footnotes (1)
- The shares are scheduled to vest over a five-year period beginning February 9, 2027, with up to 20% of the shares vesting on that date and on each of the next four anniversaries of that date based on the extent to which the Company's annualized return on average assets over the 12 calendar quarters ending immediately prior to the applicable vesting date exceeds a threshold level. Reflects 401(k) contributions that have occurred since the date of the reporting person's last ownership report. 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. 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. 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. 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. 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. 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. 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. 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. 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.
FAQ
What did SMBC Chairman Greg Steffens acquire in this Form 4 filing?
Greg Steffens received a grant of 1,500 stock options and 600 shares of common stock in Southern Missouri Bancorp. These awards were granted at no cash cost and are structured to vest over future years, aligning his compensation with long-term company performance.
How do the new SMBC equity awards to Greg Steffens vest over time?
The 600-share grant vests over five years starting February 9, 2027, with up to 20% vesting each year based on return on average assets. The 1,500 stock options vest in 20% annual installments over five years, beginning February 24, 2027, subject to continued service.
Are Greg Steffens’ new SMBC stock and option awards performance-based?
The 600-share award is performance-linked, vesting each year only to the extent Southern Missouri Bancorp’s annualized return on average assets over 12 prior quarters exceeds a threshold. The 1,500 stock options vest solely on a time-based schedule in 20% annual installments over five years.
What indirect SMBC holdings for Greg Steffens are shown in this Form 4?
The filing reports indirect common stock holdings through a 401(k) plan and as custodian for a daughter. These entries update total shares in each account, reflecting 401(k) contributions and custodial holdings, and clarify that some ownership is indirect rather than held directly in his name.
Does this SMBC Form 4 show any stock sales by Greg Steffens?
The data reflects only grant or award acquisitions and updated holdings for Greg Steffens, with no reported stock sales. Transactions coded as awards increase his potential ownership, while the additional entries simply restate current option and common stock balances in direct and indirect accounts.