Director David Tooley awarded 400 SMBC shares in new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Missouri Bancorp director David J. Tooley received an equity award of 400 shares of common stock. The Form 4 classifies this as a grant or award acquisition at a price of $0.0000 per share, increasing his directly owned holdings to 51,800 shares after the transaction.
The award is structured as restricted stock that will vest over a five-year period beginning on February 9, 2027. According to the footnote, 20% of the granted shares will vest on that date and on each of the next four anniversaries, creating a long-term, time-based vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tooley David J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 400 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,800 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SMBC director David J. Tooley report on this Form 4?
David J. Tooley reported receiving a grant of 400 shares of Southern Missouri Bancorp common stock. The shares were awarded at a price of $0.0000 per share, increasing his directly owned holdings to 51,800 shares immediately after the restricted stock grant.
How does the restricted stock grant to SMBC director Tooley vest over time?
The 400-share restricted stock grant vests gradually over five years starting February 9, 2027. Twenty percent of the shares vest on that date and an additional 20% vest on each of the next four anniversaries, aligning the award with longer-term service.
What does transaction code "A" indicate in David J. Tooley’s SMBC Form 4 filing?
Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of shares. Here, it reflects a 400-share restricted stock grant to director David J. Tooley, classified as a non-derivative acquisition of Southern Missouri Bancorp common stock.