Valete James E. 4
Research Summary
AI-generated summary
First Savings (FSFG) EVP James Valete Exercises Options, Nets 3,645 Shares
What Happened
- James E. Valete, EVP & Chief SBA Lending Officer of First Savings Financial Group (FSFG), exercised a total of 8,307 stock options on January 22, 2026 at multiple strike prices. The exercises showed aggregate option exercise consideration of about $157,416. To cover withholding for taxes/exercise costs, 4,662 shares were surrendered/withheld (disposed) at $33.75 each (~$157,343), leaving Valete with a net receipt of 3,645 shares. Footnote in the filing states the options were fully vested.
Key Details
- Transaction date: 2026-01-22.
- Option exercises (acquired): 3,750 @ $22.49 (≈ $84,338); 4,250 @ $15.10 (≈ $64,175); 307 @ $29.00 (≈ $8,903) — total 8,307 shares exercised.
- Shares withheld/ disposed to cover exercise/taxes: 4,662 @ $33.75 (≈ $157,343).
- Net shares received: 8,307 exercised − 4,662 withheld = 3,645 shares.
- Footnote: F1 — Stock options are fully vested.
- Filing: Report filed 2026-01-30 for a 2026-01-22 transaction (filed beyond the typical 2-business-day Form 4 reporting window).
Context
- This was an option exercise (transaction code M) with shares withheld to satisfy tax/exercise obligations (transaction code F). Withholding/surrender of shares to pay taxes is common in option exercises and is generally a routine, administrative event rather than a directional buy or sell signal. The filing does not include additional commentary on post-transaction total holdings.