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Director at Wilson Bank (WBHC) gains options on 10,000 shares

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WILSON BANK HOLDING CO director Herbert Elmer Richerson reported a derivative exercise involving a Non-qualified Stock Option on 10,000 shares of Common Stock at an exercise price of $81.95 per share. After the transaction, he directly holds 10,000 shares. The option becomes exercisable in five equal annual installments beginning on May 18, 2027, according to the footnote.

Positive

  • None.

Negative

  • None.
Insider RICHERSON HERBERT ELMER
Role null
Type Security Shares Price Value
Exercise Non-qualified Stock Option 10,000 $81.95 $820K
Holdings After Transaction: Non-qualified Stock Option — 10,000 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Option underlying shares 10,000 shares Non-qualified Stock Option underlying Common Stock
Exercise price $81.95 per share Non-qualified Stock Option exercise price
Shares held after transaction 10,000 shares Direct ownership following reported transaction
Option vesting start May 18, 2027 Begins five equal annual installments
Option expiration May 18, 2036 Non-qualified Stock Option expiration date
Non-qualified Stock Option financial
"This Non-qualified Stock Option becomes exercisable in 5 equal annual installments"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RICHERSON HERBERT ELMER
(Last)(First)(Middle)
623 WEST MAIN ST.
(Street)
LEBANON TENNESSEE 37087
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
WILSON BANK HOLDING CO [ none ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-qualified Stock Option$81.9505/18/2026M10,00005/18/2027(1)05/18/2036Common Stock10,000$81.9510,000D
Explanation of Responses:
1. This Non-qualified Stock Option becomes exercisable in 5 equal annual installments beginning on 05/18/2027.
Elmer Richerson05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WBHC director Herbert Elmer Richerson report?

Herbert Elmer Richerson reported a derivative exercise involving a Non-qualified Stock Option on 10,000 shares of Common Stock. The option carries an exercise price of $81.95 per share and is disclosed as a direct holding following the transaction.

How many WBHC shares are tied to Richerson’s reported option transaction?

The reported Non-qualified Stock Option relates to 10,000 underlying shares of WBHC Common Stock. Following the derivative exercise transaction, the filing shows Richerson directly holding 10,000 shares, indicating the scale of his equity exposure from this award.

What is the exercise price of Herbert Elmer Richerson’s WBHC stock option?

The Non-qualified Stock Option reported by Herbert Elmer Richerson has an exercise price of $81.95 per share. This price is the cost per share to convert the option into WBHC Common Stock when the option becomes exercisable under its vesting schedule.

When does Richerson’s WBHC Non-qualified Stock Option become exercisable?

According to the footnote, the Non-qualified Stock Option becomes exercisable in five equal annual installments beginning on May 18, 2027. This means the right to exercise the option vests gradually over five years starting from that date.

How many WBHC shares does Richerson hold after this Form 4 transaction?

After the reported derivative exercise transaction, Herbert Elmer Richerson is shown as directly holding 10,000 shares of WBHC Common Stock. This post-transaction balance reflects his ownership position as of the date covered by the Form 4 filing.