Wilson Bank (WBHC) director splits 3,000-option exercise between cash and family
Rhea-AI Filing Summary
PATTON JAMES ANTHONY reported disposition transactions in this Form 4 filing.
WILSON BANK HOLDING CO director James Anthony Patton exercised a non-qualified stock option for 3,000 shares of common stock with an exercise price of $40.25 per share. According to the company’s disclosure, 2,400 option shares were settled in cash and no common shares were issued for that portion. The remaining 600 shares were issued as common stock to the reporting person’s grandchildren, and he has no beneficial ownership, voting power, or dispositive power over those shares and disclaims beneficial ownership. The option, which fully vested on September 26, 2021, has now been fully exercised and the derivative position is reported as 0 options remaining.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,000 shares exercised/converted
Exercise
1 txn
Insider
PATTON JAMES ANTHONY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option F1, F2 | 3,000 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option — 0 shares (Direct)
Footnotes (2)
- F1. 2,400 shares of this non-qualified stock option were exercised through a net cash settlement. No shares were issued upon exercise. 600 shares of this non-qualified stock option were issued as common stock to the reporting person's grandchildren. The reporting person has no beneficial ownership, voting power, or dispositive power with respect to such shares and disclaims beneficial ownership.
- F2. This non-qualified stock option fully vested on 9/26/2021. All shares have been exercised.
Key Figures
Options Exercised: 3,000 shares
Exercise Price: $40.25 per share
Net Cash-Settled Portion: 2,400 shares
+4 more
7 metrics
Options Exercised
3,000 shares
Non-qualified stock option exercised on 2026-08-17
Exercise Price
$40.25 per share
Conversion or exercise price of the non-qualified stock option
Net Cash-Settled Portion
2,400 shares
Option shares exercised through a net cash settlement with no shares issued
Shares Issued to Grandchildren
600 shares
Common stock issued to grandchildren; reporting person disclaims beneficial ownership
Options Remaining After Exercise
0.0000
Total non-qualified stock options following the reported transaction
Option Vesting Date
September 26, 2021
Date the non-qualified stock option fully vested
Option Expiration Date
September 26, 2026
Expiration date originally applicable to the non-qualified stock option
Key Terms
Non-Qualified Stock Option, net cash settlement, beneficial ownership, dispositive power
4 terms
Non-Qualified Stock Option financial
"2,400 shares of this non-qualified stock option were exercised through a net cash"
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.
net cash settlement financial
"2,400 shares of this non-qualified stock option were exercised through a net cash settlement."
beneficial ownership financial
"The reporting person has no beneficial ownership, voting power, or dispositive power"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
dispositive power financial
"has no beneficial ownership, voting power, or dispositive power with respect to such shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What did WBHC director James Anthony Patton report in this Form 4 transaction?
James Anthony Patton reported exercising a non-qualified stock option for 3,000 shares of WILSON BANK HOLDING CO common stock at an exercise price of $40.25 per share. The option is now fully exercised with no remaining derivative position reported.
What is the exercise price and key dates for James Anthony Patton’s WBHC stock option?
The non-qualified stock option had an exercise price of $40.25 per share, fully vested on September 26, 2021, and carried an expiration date of September 26, 2026. As reported, all 3,000 option shares have now been exercised.
Does James Anthony Patton retain any options after this WBHC Form 4 transaction?
After this transaction, the reported derivative position from this grant is 0.0000 non-qualified stock options remaining. The filing states that all shares under this non-qualified stock option have been exercised and the award is fully used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
