Chkautovich Stefan 4

What Happened

• Stefan Chkautovich, Chief Financial Officer of Southern Missouri Bancorp (SMBC), was granted a total of 2,100 shares on 2026-02-24: 600 shares and an additional 1,500 derivative shares. Both awards show an acquisition price of $0.00 (i.e., granted rather than purchased).
• These are compensatory awards (not open-market purchases or sales). The awards are subject to vesting schedules and performance conditions described in the filing’s footnotes.

Key Details

• Transaction date and filing: Grants dated 2026-02-24; Form 4 filed 2026-02-26 (report covers the 2/24/26 transaction).
• Price and value: 600 shares @ $0.00 and 1,500 shares (derivative) @ $0.00 — no cash paid on grant.
• Shares owned after transaction: The provided excerpt does not disclose total post-transaction holdings.
• Notable footnote (F1): The 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, contingent on the Company’s annualized return on average assets over the prior 12 quarters exceeding a threshold.
• Additional footnotes (F2–F5) in the filing describe standard 5-year, 20% annual vesting schedules for options from prior grants; they indicate past option awards but do not change that the Feb 24 grants were awarded (A).
• Timeliness: Filed two days after the grant date; the filing does not indicate a late report.

Context

• These are awards (compensation) rather than purchases — common for executive pay and retention. The derivative portion is performance-conditioned, so actual receipt of shares depends on future performance metrics and scheduled vesting.
• For retail investors, awards indicate management is being paid in equity (aligns interests) but do not by themselves signal buying or selling intentions in the open market.