Wilson Bank (WBHC) director exercises SARs and options for 10,000 shares

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Wilson Bank Holding Co director James F. Comer reported exercising derivative awards covering 10,000 shares of common stock equivalent. He exercised 5,000 Stock Appreciation Rights and 5,000 Non-qualified Stock Options, each tied to common stock at an exercise price of $81.95 per share and expiring on May 18, 2036. According to the filing, these awards become exercisable in 5 equal annual installments beginning on May 18, 2027. The transactions are coded as derivative exercises, with no open-market purchases or sales reported.

Insider Trade Summary

10,000 shares exercised/converted

Mixed 2 txns

Insider COMER JAMES F

Role null

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option	5,000	$81.95	$410K
Exercise	Stock Appreciation Rights	5,000	$81.95	$410K

Holdings After Transaction: Non-qualified Stock Option — 10,000 shares (Direct, null); Stock Appreciation Rights — 10,000 shares (Direct, null)

Footnotes (1)

This Non-qualified Stock Option becomes exercisable in 5 equal annual installments beginning on 05/18/2027. This Stock Appreciation Right becomes exercisable in 5 equal annual installments beginning on 05/18/2027.

Key Figures

Stock Appreciation Rights exercised: 5,000 rights Non-qualified Stock Options exercised: 5,000 options Total derivative exercise shares: 10,000 shares equivalent +3 more

6 metrics

Stock Appreciation Rights exercised 5,000 rights Underlying common stock at $81.95 per share

Non-qualified Stock Options exercised 5,000 options Underlying common stock at $81.95 per share

Total derivative exercise shares 10,000 shares equivalent Exercise or conversion of derivative securities on May 18, 2026

Exercise price $81.95 per share Conversion or exercise price for both derivative awards

Vesting start date May 18, 2027 Awards vest in 5 equal annual installments beginning on this date

Expiration date May 18, 2036 Expiration for both Stock Appreciation Rights and options

Key Terms

Stock Appreciation Rights, Non-qualified Stock Option, exercise or conversion of derivative security, equal annual installments, +1 more

5 terms

Stock Appreciation Rights financial

"security_title: "Stock Appreciation Rights""

Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.

Non-qualified Stock Option financial

"security_title: "Non-qualified Stock Option""

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.

exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

equal annual installments financial

"becomes exercisable in 5 equal annual installments beginning on 05/18/2027"

underlying security financial

"underlying_security_title: "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:15 AM

SEC Form 4

FORM 4

UNITED 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^*

COMER JAMES F

(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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified Stock Option	$81.95	05/18/2026		M		5,000		05/18/2027⁽¹⁾	05/18/2036	Common Stock	5,000	$81.95	10,000	D
Stock Appreciation Rights	$81.95	05/18/2026		M		5,000		05/18/2027⁽²⁾	05/18/2036	Common Stock	5,000	$81.95	10,000	D

Explanation of Responses:

1. This Non-qualified Stock Option becomes exercisable in 5 equal annual installments beginning on 05/18/2027.

2. This Stock Appreciation Right becomes exercisable in 5 equal annual installments beginning on 05/18/2027.

	Jimmy Comer	05/18/2026
	** Signature of Reporting Person	Date
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 James F. Comer report?

James F. Comer reported exercising derivative awards for 10,000 shares equivalent. He exercised 5,000 Stock Appreciation Rights and 5,000 Non-qualified Stock Options, both tied to Wilson Bank Holding Co common stock, instead of making open-market purchases or sales.

What is the exercise price of James F. Comer’s WBHC derivative awards?

Both derivative awards carry an exercise price of $81.95 per share. The Stock Appreciation Rights and Non-qualified Stock Options are each linked to common stock at this price, defining the cost basis for converting the awards into shares or cash value.

How many WBHC shares are covered by Comer’s Stock Appreciation Rights and options?

The reported awards each cover 5,000 underlying WBHC common shares. One grant is 5,000 Stock Appreciation Rights and the other is 5,000 Non-qualified Stock Options, for a combined 10,000-share underlying exposure based on the Form 4 data.

When do James F. Comer’s WBHC Stock Appreciation Rights and options vest?

Both awards begin vesting on May 18, 2027 in equal installments. The filing states they become exercisable in five equal annual installments starting on that date, which spreads vesting over multiple years rather than all at once.

When do Comer’s WBHC derivative awards expire?

The Stock Appreciation Rights and Non-qualified Stock Options expire on May 18, 2036. This expiration date defines the final day on which the director can exercise these rights and options under the disclosed terms.