SMBC director granted 400 restricted shares
Southern Missouri Bancorp director Daniel Lee Jones received an equity award of 400 shares of common stock as a grant or other acquisition.
Rhea-AI Filing Summary
Southern Missouri Bancorp director Daniel Lee Jones received an equity award of 400 shares of common stock as a grant or other acquisition. The award was priced at $0.00 per share, increasing his directly held common stock to 1,800 shares after the transaction.
According to the footnote, this restricted stock is scheduled to vest over five years beginning on February 9, 2027, with 20% of the shares vesting on that date and 20% on each of the next four anniversaries. Jones also directly holds stock options covering 7,500 shares, which become exercisable in 20% installments over five years starting July 19, 2023. In addition, he indirectly holds 280,000 shares of common stock as trustee for a revocable trust and 424 shares as trustee of an irrevocable trust for his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 400 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Grant of restricted stock. The shares are scheduled to vest over a five-year period beginning February 9, 2027, with 20% of the shares vesting on that date and on each of the next four anniversaries of that date.
- F2. The options become exercisable in 20% installments over a five-year period with the first installment vesting on July 19, 2023. Each remaining installment vests annually thereafter.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SMBC director Daniel Lee Jones report in this Form 4?
What are Daniel Lee Jones’s total direct and indirect SMBC holdings after this filing?
What does the Form 4 say about Daniel Lee Jones’s SMBC stock options?
AI-generated analysis. How Rhea-AI works. Not financial advice.