Southern Missouri Bancorp (SMBC) EVP exercises 2,000 options, updates holdings
Rhea-AI Filing Summary
SOUTHERN MISSOURI BANCORP, INC. executive vice president and chief lending officer Richard Windes reported an options exercise and updated holdings. Windes exercised stock options to acquire 2,000 shares of common stock at $34.35 per share, bringing his directly held common stock position to 7,375 shares after the transaction.
He also holds 2,178.491 shares of common stock indirectly through a 401(k), reflecting contributions since his last ownership report. In addition, Windes retains several unexercised stock option grants on common stock, including grants with exercise prices such as $34.91 and $37.40 per share that expire between 2030 and 2035, which vest in 20% annual installments over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
9 txns
Insider
Windes Richard
Role
EVP-CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy) | 2,000 | $34.35 | $69K |
| Exercise | Common Stock | 2,000 | $34.35 | $69K |
| 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) — 13,000 shares (Direct);
Common Stock — 7,375 shares (Direct);
Common Stock — 2,178.491 shares (Indirect, 401(k))
Footnotes (8)
- F1. Reflects 401(k) contributions that have occurred since the date of the reporting person's last ownership report.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Options exercised: 2,000 shares
Exercise price: $34.35/share
Direct common shares after: 7,375 shares
+5 more
8 metrics
Options exercised
2,000 shares
Common stock acquired via option exercise at $34.35
Exercise price
$34.35/share
Stock Option (Right to Buy) on common stock
Direct common shares after
7,375 shares
Common Stock, total shares following transaction
Indirect 401(k) shares
2,178.491 shares
Common Stock held indirectly via 401(k)
Option exercise price
$34.91/share
Unexercised Stock Option, expires 2031-02-10
Option exercise price
$37.40/share
Unexercised Stock Option, expires 2030-02-18
Remaining option block
3,000 underlying shares
Stock Option at $34.91, expiration 2031-02-10
Remaining option block
2,000 underlying shares
Stock Option at $37.40, expiration 2030-02-18
Key Terms
Stock Option (Right to Buy, derivative security, 401(k), vests annually, +1 more
5 terms
Stock Option (Right to Buy financial
"Stock Option (Right to buy)"
derivative security financial
"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.
401(k) financial
"Reflects 401(k) contributions that have occurred since the date"
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.
vests annually financial
"Each remaining installment vests annually thereafter."
installments over a five-year period financial
"exercisable in 20% installments over a five-year period"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SMBC executive Richard Windes report in this Form 4 filing?
Richard Windes, EVP and chief lending officer of Southern Missouri Bancorp (SMBC), reported exercising stock options for 2,000 common shares at $34.35 per share and updated his direct, indirect, and option holdings in the company’s stock.
What stock options did Richard Windes exercise in Southern Missouri Bancorp?
Richard Windes exercised a Stock Option (Right to Buy) covering 2,000 shares of SMBC common stock at an exercise price of $34.35 per share. The related option position now shows 0 remaining shares under that specific grant after this exercise.
What unexercised SMBC stock options does Richard Windes still hold?
Windes retains several Stock Option (Right to Buy) grants on SMBC common stock, including 3,000 underlying shares at $34.91 and 2,000 underlying shares at $37.40, with expiration dates between 2030 and 2035 and 20% annual vesting over five years.
How are 401(k) holdings treated in Richard Windes’ SMBC ownership report?
The filing shows 2,178.491 SMBC shares held indirectly through a 401(k). A footnote explains this reflects 401(k) contributions since Windes’ last ownership report, providing transparency into retirement-plan based ownership in addition to his directly held shares.
How many stock option exercises are summarized in this SMBC Form 4?
The transaction summary indicates one option exercise for 2,000 underlying shares. This exercise converted a derivative position into SMBC common stock, increasing Richard Windes’ directly held share count while leaving several other option grants outstanding for future potential exercises.