Myers Larry W 4
Research Summary
AI-generated summary
First Savings (FSFG) CEO Larry Myers Surrenders 3,763 Shares for Taxes
What Happened
- Larry W. Myers, President & CEO and a director of First Savings Financial Group (FSFG), had 3,763 shares disposed on January 20, 2026 to satisfy tax withholding obligations. The shares were valued at $31.85 each, for a total of approximately $119,852.
- This transaction is coded "F" (payment of exercise price or tax liability) — meaning shares were surrendered/withheld for taxes rather than sold on the open market.
Key Details
- Transaction date: 2026-01-20. Filing date (Form 4): 2026-01-23.
- Price per share: $31.85; total value: ~$119,852.
- Shares owned after the transaction: Not specified in the provided excerpt (see the full Form 4 for total post-transaction holdings).
- Notable footnotes: The filing includes multiple notes saying restricted stock and option vesting were accelerated to the transaction date pursuant to the Agreement and Plan of Merger with First Merchants Corporation — the withheld shares relate to those accelerated vesting events.
- Timeliness: The Form 4 was filed three days after the transaction (typically due within two business days), so it appears to have been filed after the usual Section 16 reporting window.
Context
- Because this is a tax-withholding disposition (code F), it reflects routine administration of vested awards rather than an open-market sale or a purchase; it should not be interpreted as a directional market signal by itself.
- The filing indicates accelerated vesting tied to a merger, which commonly leads to tax-withholding share surrenders when awards vest.