SMBC EVP exercises 2,000 stock options
Southern Missouri Bancorp EVP and Chief Lending Officer Richard Windes exercised stock options to acquire 2,000 shares of common stock at an exercise price of $37.40 per share.
Rhea-AI Filing Summary
Southern Missouri Bancorp EVP and Chief Lending Officer Richard Windes exercised stock options to acquire 2,000 shares of common stock at an exercise price of $37.40 per share. Following the exercise, he directly holds 7,375 common shares and also has 2,178.491 shares held indirectly through a 401(k) plan.
After this transaction, he continues to hold several additional stock option awards for common stock with exercise prices ranging from $34.91 to $60.42 per share and expirations between February 2023 and February 2035, indicating a remaining long-term equity incentive position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000 shares exercised/converted
Exercise
8 txns
Insider
Windes Richard
Role
EVP-CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,000 | $37.40 | $75K |
| Exercise | Common Stock | 2,000 | $37.40 | $75K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 11,000 contracts (Direct);
Common Stock — 7,375 shares (Direct);
Common Stock — 2,178.491 shares (Indirect, 401(k))
Footnotes (7)
- F1. The reporting person exercised a stock option to purchase 2,000 shares of common stock at an exercise price of $37.40 per share.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
Key Figures
Options exercised: 2,000 shares
Exercise price: $37.40 per share
Direct common shares after: 7,375 shares
+5 more
8 metrics
Options exercised
2,000 shares
Common stock acquired via option exercise at $37.40 per share
Exercise price
$37.40 per share
Stock option exercise into 2,000 common shares
Direct common shares after
7,375 shares
Direct ownership following the option exercise
Indirect 401(k) holdings
2,178.491 shares
Common stock held indirectly through a 401(k) plan
Option grant exercise price
$34.91 per share
Remaining stock option, expiration on 2031-02-10
Option grant exercise price
$53.82 per share
Remaining stock option, expiration on 2032-02-03
Option grant exercise price
$46.94 per share
Remaining stock option, expiration on 2033-02-21
Option grant exercise price
$60.42 per share
Remaining stock option, expiration on 2035-02-18
Key Terms
Stock Option (Right to Buy), exercise price, derivative exercise/conversion, 401(k), +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"an exercise price of $37.40 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SMBC executive Richard Windes report in this Form 4 filing?
Richard Windes reported exercising stock options to acquire 2,000 shares of Southern Missouri Bancorp common stock at $37.40 per share. The filing also updates his direct share ownership and lists remaining option grants with their exercise prices and expiration dates.
What stock option exercise did SMBC’s Richard Windes complete?
Richard Windes exercised a stock option to purchase 2,000 shares of Southern Missouri Bancorp common stock at an exercise price of $37.40 per share. This converted a derivative position into additional directly held common shares without any sale being disclosed in this filing.
What stock options does Richard Windes still hold in Southern Missouri Bancorp?
Richard Windes continues to hold several stock option awards on Southern Missouri Bancorp common stock, with exercise prices of $34.91, $40.82, $46.94, $53.82, and $60.42, and expiration dates ranging from February 2023 through February 2035, representing ongoing long-term equity incentives.
Does the SMBC Form 4 show any stock sales by Richard Windes?
The Form 4 shows an option exercise acquiring 2,000 common shares but does not report any open-market sales. The main reported change is the conversion of a stock option into directly held common stock, alongside updated holdings and remaining option positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
