Windes Richard 4

What Happened

• Richard Windes, EVP and Chief Lending Officer of Southern Missouri Bancorp (SMBC), was granted 1,050 shares as an award on 2026-02-24. The shares were issued at $0.00 (no cash paid or immediate taxable purchase value reported). This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-24; filing date: 2026-02-26 (timely filing).
• Grant: 1,050 shares; reported acquisition price: $0.00; total reported value at grant: $0.
• Vesting (Footnote F1): Shares vest over five years beginning February 9, 2027, with up to 20% vesting on that date and on each of the next four anniversaries. Vesting is contingent on the company’s annualized return on average assets (ROAA) over the 12 calendar quarters immediately prior to each vesting date exceeding a threshold.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Other footnotes (F2–F9) appear in the filing but relate to other plan mechanics or prior option grants; F1 specifically describes the vesting conditions for this award.

Context

• This award is a form of compensation/retention incentive and does not represent a direct cash purchase or sale by the insider. The eventual value to Windes depends on whether the performance threshold is met and on SMBC’s future stock price. Compensation grants are common and don’t necessarily signal immediate insider sentiment the way open‑market purchases or sales might.