Nef James D. 4

What Happened

• James D. Nef, Senior Vice President and Director of Accounting at First Savings Financial Group (FSFG), disposed of 415 shares on January 20, 2026. The shares were surrendered to cover tax liabilities (transaction code F) at a per-share value of $31.85, for a total of $13,218.
• This was a tax-withholding disposition related to equity vesting—not an open-market sale—so it is typically considered a routine, administrative transaction rather than a directional bet on the stock.

Key Details

• Transaction date and price: 2026-01-20, 415 shares at $31.85 each.
• Proceeds/consideration: $13,218 (surrendered to satisfy tax withholding).
• Shares owned after the transaction: not specified in the filing summary provided.
• Notable footnotes: vesting of restricted stock was accelerated due to the Agreement and Plan of Merger with First Merchants Corporation (see footnotes F1–F4); some stock options are fully vested (F3).
• Filing timing: the Form 4 was filed on 2026-01-23 for a 2026-01-20 transaction (filed three days after the trade), which appears to be one business day later than the standard two-business-day Form 4 deadline.

Context

• Transaction code F indicates shares were surrendered to satisfy tax withholding or exercise-price payment (common when restricted shares vest or options are exercised); these are routine and do not necessarily signal insider sentiment.
• Footnotes show several awards/vesting schedules were accelerated to the merger closing date, which explains the tax event and resulting withholding disposition.