Southern Missouri Bancorp EVP Brett Dorton Reports Minor Share Sale
Rhea-AI Filing Summary
On 07/29/2025, Brett Dorton, EVP-Chief Strategies Officer of Southern Missouri Bancorp (SMBC), reported a small open-market sale of 130 common shares at an average price of $56.3023 per share. Following the sale, Dorton holds 1,060 shares directly and 4,702.2346 shares indirectly through the company 401(k) plan.
No derivative transactions occurred; the filing only restates existing option grants that total 11,500 options with exercise prices between $34.35 – $53.82 and expiration dates from 2029 to 2034. Vesting schedules are 20% annually over five years for each grant.
The cash value of the reported sale is roughly $7.3 k, indicating an immaterial change in ownership and no signal of broader strategic intent.
Positive
- None.
Negative
- Insider sold shares: Although modest (130 shares), any insider sale can be perceived negatively by some investors.
Insights
TL;DR: Minor insider sale (130 shares) – not material to ownership or outlook.
The Form 4 shows a routine sale of 130 SMBC shares worth about $7 k by EVP Brett Dorton. Post-transaction direct ownership remains above 1 k shares and indirect 401(k) holdings are unchanged. The filing lists existing options but no new awards or exercises. Given the de minimis size relative to SMBC’s market cap and Dorton’s remaining equity exposure, the event is neutral for valuation or sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 130 | $56.3023 | $7K |
| 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 | -- | -- | -- |
Footnotes (1)
- 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 02/08/25. 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.
