Cox Justin 4

What Happened

• Justin Cox, EVP — Regional President of Southern Missouri Bancorp (SMBC), was granted awards totaling 2,750 shares on February 24, 2026. The filing shows 750 shares acquired at $0.00 and a derivative award for 2,000 shares also reported at $0.00. These are compensation awards (not open‑market purchases or sales) and do not generate immediate cash proceeds.

Key Details

• Transaction date: 2026-02-24; filing date: 2026-02-26 (filing appears timely).
• Award amounts and reported prices: 750 shares @ $0.00 (acquired); 2,000 derivative shares @ $0.00 (acquired).
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnote (F1): The awarded shares are 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, tied to the company’s annualized return on average assets over the 12 quarters prior to each vesting date (performance condition).
• Transaction code: A = Award/Grant (not a purchase or sale).

Context

• These awards are compensation-based grants (likely time- and/or performance‑based restricted units or similar derivative awards). Because they vest over multiple years and are tied to performance criteria, they are meant to align executive pay with longer‑term company results and do not indicate an immediate vote of confidence via personal cash investment.
• For retail investors, awards signal management compensation alignment rather than immediate buying or selling pressure; purchases are generally more directly interpreted as bullish insider signals.