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First Savings Financial Group, Inc.·4

Jan 23, 2:34 PM ET

Basham Lenfield R. 4

Research Summary

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Updated

First Savings (FSFG) EVP/CIO Basham Exercises Stock Options

What Happened
Basham Lenfield R., EVP and Chief Investment Officer of First Savings Financial Group, exercised multiple option/derivative awards on January 20, 2026 (transaction code M) and acquired a total of 12,516 shares. The exercised lots shown were: 7,500 shares at $26.72 ($200,400), 1,500 shares at $22.49 ($33,735), 2,556 shares at $15.10 ($38,596) and 960 shares at $29.00 ($27,840), totaling approximately $300,571. The Form 4 also shows corresponding derivative-disposition lines (N/A amounts) tied to those exercises; no separate open-market sales were reported.

Key Details

  • Transaction date: January 20, 2026 (reported on Form 4 filed January 23, 2026).
  • Prices and values: 7,500 @ $26.72 ($200,400); 1,500 @ $22.49 ($33,735); 2,556 @ $15.10 ($38,596); 960 @ $29.00 ($27,840). Total ≈ $300,571.
  • Shares acquired: 12,516 shares. Shares owned after the transaction are not included in the provided data.
  • Footnotes: Multiple footnotes state restricted stock and option vesting schedules were accelerated to the merger/transaction date pursuant to the Agreement and Plan of Merger with First Merchants Corporation (see F1–F6 for RSUs and F8–F11 for options). F7 notes certain transactions not required to be reported under Section 16.
  • Filing timeliness: Form 4 was filed Jan 23 for the Jan 20 transaction (filed after the transaction date); check the filing for whether this met the two-business-day reporting requirement.

Context

  • These were option exercises (derivative conversion) that resulted in acquired shares; the filing does not show an immediate sale of the acquired shares (i.e., not reported as a cashless exercise followed by sale).
  • Footnotes indicate acceleration of vesting because of a merger with First Merchants Corporation — a common reason insiders exercise or convert awards.
  • This is an acquisition (insider receiving shares) rather than a sell; acquisitions can be viewed as more informative to retail investors but do not by themselves indicate the insider’s future view of the stock.