Czeschin Frank 4

What Happened Frank Czeschin, a director of First Savings Financial Group (FSFG), exercised stock options on January 20, 2026 to acquire a total of 2,550 shares. The exercises were: 300 shares at $21.10 ($6,330), 1,500 shares at $26.72 ($40,080), and 750 shares at $29.00 ($21,750), for aggregate consideration of roughly $68,160. The Form 4 filing (accession 0001437749-26-001868) lists additional derivative disposition entries with N/A share and price details; the filing does not provide specific sale or net-settlement details for those entries.

Key Details

• Transaction date: 2026-01-20 (Form 4 filed 2026-01-23).
• Exercises: 300 @ $21.10; 1,500 @ $26.72; 750 @ $29.00 — total 2,550 shares; total cash paid ≈ $68,160.
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes: F1 — restricted stock that was scheduled to vest Nov 21, 2026 had vesting accelerated to the transaction date per the merger agreement with First Merchants Corporation; F2 — stock options are fully vested.
• Timeliness: Filing was submitted three days after the transaction date (Jan 23 for Jan 20); under Section 16 rules (two business days), this may be later than the standard filing window.

Context

• This filing reports option exercises (derivative conversions). The record does not show immediate open‑market sales of the acquired shares — exercises are an acquisition of shares rather than a sale.
• The filing includes derivative "Disposed" lines with no shares/prices listed; the document does not specify whether those reflect net settlement, withholding, cancellations, or clerical reporting entries.
• Footnote disclosure ties accelerated vesting to a merger, which explains why previously time‑based awards vested earlier than originally scheduled.