Funke Matthew T 4
Research Summary
AI-generated summary
SMBC President Matthew Funke Receives Stock Awards
What Happened
- Matthew T. Funke, President and Chief Administrative Officer of Southern Missouri Bancorp, Inc. (SMBC), received two awards reported on Form 4 dated Feb 26, 2026 for transactions on Feb 24, 2026: 950 shares granted at $0.00 and a 2,250-share derivative award also reported at $0.00. These are reported as awards/grants (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
- Award amounts and prices reported: 950 shares acquired at $0.00; 2,250 derivative shares acquired at $0.00.
- Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
- Relevant footnote: F1 — the 2,250-share award is performance-based and is scheduled to vest over a five-year period beginning February 9, 2027, with up to 20% vesting on that date and each of the next four anniversaries contingent on the company’s annualized return on average assets exceeding a threshold.
- Transaction code meaning: A = Award/Grant; the derivative award indicates future conversion to shares upon vesting.
Context
- These awards are company grants (often restricted stock or RSUs) and do not represent an open-market purchase; they typically vest over time and may be contingent on performance targets (as noted in F1). Such grants are routine executive compensation and do not by themselves indicate immediate bullish or bearish insider trading activity.