Southern Missouri Bancorp (SMBC) executive receives new stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Missouri Bancorp reported that President and Chief Administrative Officer Matthew T. Funke acquired new equity awards. He received a grant of 2,250 stock options with an exercise price of $0.0000 per share and 950 shares of common stock on February 24, 2026.
The 950-share common stock award is scheduled to vest over five years beginning February 9, 2027, with up to 20% vesting on that date and on each of the next four anniversaries, depending on how the company’s annualized return on average assets over the prior 12 calendar quarters compares to a threshold level. The options become exercisable in 20% installments over five years under various prior grant schedules. Following these awards, Funke directly owns 46,400 common shares, and an additional 16,517.68 shares are held indirectly through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Funke Matthew T
Role
PRESIDENT/CHIEF ADMIN OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 2,250 | $0.00 | -- |
| Grant/Award | Common Stock | 950 | $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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 2,250 shares (Direct);
Common Stock — 46,400 shares (Direct);
Stock Option (Right to buy) — 2,000 shares (Direct);
Stock Option (Right to Buy) — 3,000 shares (Direct);
Common Stock — 16,517.68 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 executive Matthew Funke acquire in this Form 4 filing?
Matthew T. Funke received 2,250 stock options and 950 shares of Southern Missouri Bancorp common stock. These awards increase his direct equity exposure and align his compensation with the bank’s long-term performance and shareholder value over a multi-year period.
How do the new SMBC common stock awards to Matthew Funke vest?
The 950-share common stock award vests over five years starting February 9, 2027. Up to 20% can vest on that date and each of the next four anniversaries, based on the company’s annualized return on average assets exceeding a specified performance threshold.
What are the vesting terms of Matthew Funke’s SMBC stock options?
The stock options reported become exercisable in 20% installments over five years under several grant schedules. Each option grant’s first 20% tranche vests on its specified initial vesting date, with the remaining 20% installments vesting annually thereafter, encouraging long-term retention.
Are the SMBC equity awards to Matthew Funke performance-based?
Yes, the 950-share common stock grant vests based on performance. Vesting depends on how Southern Missouri Bancorp’s annualized return on average assets over the 12 calendar quarters before each vesting date compares to a threshold level, linking payout to profitability metrics.
Does this SMBC Form 4 show any stock sales by Matthew Funke?
The filing reports only grants and holdings, not stock sales. It shows new stock option and restricted stock awards, plus updated holdings, including 401(k) contributions, indicating additional equity-based compensation rather than any disposition of existing Southern Missouri Bancorp shares.