CEO/President Sells Over $408K in Company Stock Near 52-Week High
GSBC sits 28% above its 52-week low of $53.6.
Summary
Joseph W. Turner, President and CEO of Great Southern Bancorp, sold 6,000 shares of common stock for over $408,000, following an option exercise.
Key Events · Ownership and Investor Activity · GSBC
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CEO/President Sells Shares
Joseph W. Turner, President and CEO, sold 6,000 shares of common stock at $68.16 per share, totaling $408,961.80.
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Option Exercise Precedes Sale
The open market sale followed the exercise of options for 6,000 shares at an exercise price of $52.20 per share.
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Key Insider Transaction
Mr. Turner holds multiple key roles including President, CEO, Director, and 10% Owner, making this a significant insider transaction.
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Stock Trading Near 52-Week High
The transaction occurred while the company's stock is trading near its 52-week high of $70.909, potentially indicating profit-taking.
Analysis · GSBC · Finance
This Form 4 filing indicates a significant open market sale by Joseph W. Turner, who serves as President, CEO, Director, and a 10% owner. The sale of 6,000 shares for over $408,000, occurring after an option exercise, represents a notable disposition of company stock. This transaction contributes to a broader pattern of insider distribution observed over the last 90 days and occurs while the stock is trading near its 52-week high, which could be interpreted as locking in gains. Investors may view this as a negative signal regarding insider confidence, despite the routine nature of the option exercise itself.
At the time of this filing, GSBC was trading at $68.87 on NASDAQ in the Finance sector, with a market capitalization of approximately $755M. The 52-week trading range was $53.60 to $70.91. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.