Home Federal (HFBL) Mary L. Jones Exercises Options; Shares Withheld

What Happened

• Mary L. Jones, Senior Vice President Retail and Chief Operations Officer of Home Federal Bank (subsidiary of Home Federal Bancorp, HFBL), exercised 14,000 stock options on October 15, 2025. The exercise is reported at $11.50 per share for a total intrinsic value of $161,000.
• To cover the exercise price and associated tax liability, 9,989 shares were withheld (reported as a disposition) valued at $14.20 per share, totaling $141,844. After withholding, the net shares retained by Jones from this exercise are 4,011 shares (14,000 exercised less 9,989 withheld).
• The filing is an AMENDED Form 4 — the amendment corrects the transaction code, the number of shares withheld, and the ownership form (see footnote F1).

Key Details

• Transaction date: 2025-10-15. Exercise price reported: $11.50 per share (14,000 shares acquired = $161,000). Withheld shares: 9,989 at $14.20 (disposed = $141,844). A separate derivative line at $0 is included as standard reporting for the exercised options.
• Transaction codes: M = option exercise; F = tax/exercise-price withholding.
• Net shares retained from the exercise: 4,011 shares (14,000 exercised − 9,989 withheld).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: This is an amendment correcting transaction coding, withheld share count, and ownership form (Direct).
  • F2/F3: Reporting also references holdings in the company 401(k) pooled fund and ESOP; values/units vary and were updated since the last Form 4.
  • F4/F5: Vesting background — one option grant fully vested by Oct 26, 2020 (F4); another grant vests 20% per year beginning Nov 11, 2021 (F5).
• Timeliness: The underlying transactions occurred on 2025-10-15 but the Form 4 was filed/ amended on 2026-09-29 — the filing is late and amended. Late filings reduce the timeliness of the disclosure for investors.

Context

• This was an option exercise with shares withheld to cover the exercise price and tax obligations (a common "cashless" mechanism). That is routine administrative activity and does not, by itself, indicate a buy or sell judgment on the stock.
• The filing is amended to correct reporting details; investors should refer to the full amended Form 4 for complete holding information and to confirm total post-transaction ownership.