STEINERT EARL A JR 4
Research Summary
AI-generated summary
GSBC Director Earl Steinert Exercises Options, Sells Shares
What Happened Earl A. Steinert Jr., a director of Great Southern Bancorp, exercised stock-derived awards on Feb 4, 2026 (1,000 shares at $41.74 and 500 shares at $53.22) for a total exercise cost of $68,350, and reported an open-market sale of 1,500 shares at $63.49 for proceeds of $95,240. The filing also reports dispositions of the same derivative shares, indicating the exercised shares were sold or used to satisfy obligations tied to the exercise.
Key Details
- Transaction date: 2026-02-04.
- Exercises (code M): 1,000 shares @ $41.74 = $41,740; 500 shares @ $53.22 = $26,610. Total exercised = 1,500 shares; total cost = $68,350.
- Sale (code S): 1,500 shares sold open market @ $63.49 = $95,240.
- Derivative dispositions: matching 1,000 and 500 share derivative disposals reported (likely tied to the exercise).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: No late-filing flag noted in the provided data.
Context
- This appears to be an option/derivative exercise with immediate sale of the resulting shares (often called a cashless exercise or sell-to-cover), as the exercised shares and derivative disposals match the sold shares.
- Footnotes F1–F7 in the filing show multiple separate grant vesting schedules (500-share tranches vesting across 2021–2030), indicating the exercised awards likely originated from previously granted, time-vested awards. These vesting schedules are informational about remaining awards and do not change interpretation of the Feb 4 transactions.
- The activity is factual reporting of insider transactions; it does not by itself indicate the director’s view of the company’s prospects.