McClain David L 4

What Happened

• David L. McClain, a director of Southern Missouri Bancorp, Inc. (SMBC), was granted 400 restricted shares on 2026-02-24. The Form 4 records the acquisition price as $0.00 (grant), so no cash was paid by the insider at grant.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (appears timely).
• Transaction type/code: Award/Grant (A); 400 shares acquired at $0.00.
• Vesting (Footnote F1): Shares vest over five years beginning Feb 9, 2027 — 20% vest on that date and on each of the next four anniversaries.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Additional footnote (F2) in the filing references a separate option vesting schedule (20% installments over five years) and is not the same as this restricted stock grant.

Context

• Restricted stock awards are typically compensation or retention tools and differ from open-market purchases; because they vest over time, the director does not have immediate, unrestricted ownership of all shares. This grant alone does not necessarily signal buying or selling intent.