Southern Missouri Bancorp (SMBC) EVP receives 1,050-share equity grant with vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Missouri Bancorp executive Richard Windes reported an equity award and updated holdings. On February 24, 2026, he acquired 1,050 shares of common stock as a grant at $0.00 per share, bringing his directly held common stock to 5,375 shares.
The granted shares are 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, based on the company’s annualized return on average assets over the 12 calendar quarters before each vesting date. The filing also lists several blocks of stock options that become exercisable in 20% installments over five-year periods, and reflects 2,169.788 common shares held indirectly through a 401(k) from contributions since his last ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Windes Richard
Role
EVP-CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,050 | $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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,375 shares (Direct);
Stock Option (Right to Buy) — 1,500 shares (Direct);
Common Stock — 2,169.788 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 2/18/26. 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.
FAQ
What insider transaction did SMBC executive Richard Windes report on this Form 4?
Richard Windes reported an acquisition of 1,050 shares of Southern Missouri Bancorp common stock as an equity grant at $0.00 per share. This increased his directly held common stock position to 5,375 shares, alongside previously granted option awards and 401(k) plan holdings disclosed in the same filing.
What stock option holdings does Richard Windes report in the SMBC Form 4 filing?
Richard Windes reports multiple blocks of stock options, each becoming exercisable in 20% installments over five years. The first installments vest on dates ranging from January 4, 2020, through February 18, 2026, with remaining portions vesting annually thereafter, as described in several vesting footnotes.
Is the SMBC Form 4 for Richard Windes a stock purchase or a grant?
The Form 4 reports a grant or award acquisition of 1,050 shares, not an open-market purchase. The transaction uses code A for grant, award, or other acquisition at a price of $0.00 per share, subject to a multi-year vesting schedule tied to performance conditions.