Southern Missouri Bancorp (SMBC) CFO awarded new stock options and shares
Rhea-AI Filing Summary
Chkautovich Stefan reported acquisition or exercise transactions in this Form 4 filing.
Southern Missouri Bancorp reported that its Chief Financial Officer, Stefan Chkautovich, received new equity awards. He was granted stock options for 1,500 shares of common stock at a price of $0.00 per share, and a separate award of 600 shares of common stock, both classified as grants or awards rather than open‑market purchases.
The 600-share common stock award is scheduled to vest over five years beginning on February 9, 2027, with up to 20% vesting on that date and on each of the next four anniversaries, based on how much the company’s annualized return on average assets over the prior 12 calendar quarters exceeds a threshold level. The stock options become exercisable in 20% installments over five-year periods, with first installments beginning on February 24, 2027, February 18, 2026, February 8, 2025, and September 19, 2024, with remaining installments vesting annually thereafter. After these transactions, Chkautovich directly owns 2,725 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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) | -- | -- | -- |
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. 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 9/19/24. Each remaining installment vests annually thereafter.