TURNER WILLIAM V 4
Research Summary
AI-generated summary
Great Southern Bancorp Director William Turner Exercises Options, Sells 6,000
What Happened
- William V. Turner, a director of Great Southern Bancorp (GSBC), exercised 6,000 option-derived shares at $41.30 per share (total exercise cost $247,800) on January 28, 2026, and sold 6,000 common shares in an open-market transaction the same day at $59.70 per share (gross proceeds $358,187).
- The transactions indicate a same-day exercise followed by sale (cashless/simultaneous sale), realizing approx. $110,387 more in proceeds than the exercise cost.
Key Details
- Transaction date: 2026-01-28; Filing date: 2026-01-29 (timely).
- Exercise details: 6,000 shares at $41.30 = $247,800 (code M — exercise/conversion of derivative).
- Sale details: 6,000 shares sold at $59.70 = $358,187 (open market sale, code S).
- Derivative disposition: filing also shows the derivative (option) disposition tied to the exercise (code M — derivative).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: Reporting person holds units under the issuer’s 401(k) plan (F1); multiple restricted-stock vesting schedules are noted (F2–F11) with vesting dates spanning 2018–2030.
Context
- This appears to be a common cashless exercise pattern: options were exercised and the acquired shares were sold immediately in the open market. Such transactions convert option value to cash and are routine for insiders; they do not by themselves indicate future company performance.