Executive at Southern Missouri Bancorp (SMBC) receives new stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Greunke Lance K reported acquisition or exercise transactions in this Form 4 filing.
Southern Missouri Bancorp executive vice president Lance K. Greunke received equity awards on February 24, 2026. He was granted 1,250 stock options and 500 shares of common stock at a price of $0.00 per share. The options vest in 20% annual installments over five years starting on specific dates between February 21, 2024 and February 24, 2027, while the performance-based shares can vest in 20% increments over five years beginning on February 9, 2027 based on the company’s annualized return on average assets. The filing also notes indirect ownership of 111.196 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Greunke Lance K
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,250 | $0.00 | -- |
| Grant/Award | Common Stock | 500 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,250 shares (Direct);
Common Stock — 2,100 shares (Direct);
Common — 111.196 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.
FAQ
What equity awards did SMBC executive Lance Greunke receive in this Form 4?
Lance Greunke received 1,250 stock options and 500 shares of common stock at $0.00 per share. These awards increase his direct equity stake in Southern Missouri Bancorp (SMBC) as part of his executive compensation package.
How do Lance Greunke’s SMBC stock options vest under this grant?
The reported stock options vest in 20% annual installments over five years, with first installments beginning on dates including February 21, 2024, February 8, 2025, February 18, 2026, and February 24, 2027, and each remaining installment vesting annually thereafter.