Insider Activity at Great Southern Bancorp: What the Numbers Really Mean

The latest Form 4 from President and CEO Joseph Turner shows a modest buy of 18 shares on January 13, 2026 at $62.79, a price only marginally above the current market level of $60.71. While the trade itself is small—just $1,129 in dollar terms—it sits within a broader pattern of turnover that investors should keep an eye on. Turner has been actively managing his equity stake for years, balancing large block purchases (e.g., the 20‑share buy at $51.23 in January 2025) against significant option‑vesting events that release shares into the market on a four‑year cadence. His most recent option‑sale on January 26 (6,000 shares at $41.30) reduced his holding from 143,382 to 137,382 shares, a 4.2 % drop that may signal confidence in a short‑term price rebound.

Implications for Investors

Turner’s activity suggests a moderate tilt toward a longer‑term view. The sale of vested options early in 2026 and the small purchase in mid‑January both align with the bank’s recent performance: a 3.6 % decline over the week and a 2.32 % monthly dip, yet the share price remains close to the 52‑week high. Analysts often interpret a CEO’s option exercise and subsequent sale as a sign that the executive believes the market is undervaluing the stock, while a subsequent purchase indicates a belief that the price will rise. For investors, this could be a bullish cue, especially given the bank’s solid fundamentals—low P/E of 9.86, stable deposit base, and diversified lending portfolio. However, the transaction’s small size and the broader insider landscape—where other officers have also sold and bought shares—suggest caution rather than a clear buy signal.

Turner’s Transaction Profile in Context

Looking back at Turner’s filing history, he has consistently maintained a large equity position, often holding more than 350,000 shares through a combination of direct purchases and option exercises. The pattern shows a deliberate accumulation of shares in the early years of his tenure, followed by periodic option vesting releases that keep his holdings near 140,000 shares. The CEO’s recent trades fit this rhythm: a small buy in January 13, a sell of 6,000 vested options on January 26, and a purchase of 18 shares on the same day. This cycle indicates that Turner is likely aligning his personal portfolio with the bank’s medium‑term growth trajectory rather than reacting to short‑term volatility.

What to Watch Going Forward

  1. Option Vesting Calendar – The next major vesting tranche is scheduled for November 2027, which could see a sizable block of shares enter the market.
  2. Bank Earnings Guidance – While no new dividend or guidance announcements have surfaced, monitoring the upcoming Q4 earnings will reveal whether the bank’s deposit and loan mix is improving.
  3. Market Sentiment – The current buzz index of 10.65 % indicates moderate social‑media activity around the stock; any shift toward higher intensity could foreshadow sharper price movements.

In summary, Joseph Turner’s recent insider trades are small but consistent with a long‑term investment strategy that aligns with the bank’s stable growth profile. Investors should interpret these moves as a mild confidence boost while remaining vigilant for larger option‑vesting events that could influence liquidity and share price dynamics.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-01-26TURNER JOSEPH W (President/CEO)Buy6,000.0041.30Common stock
2026-01-26TURNER JOSEPH W (President/CEO)Sell6,000.0060.74Common stock
N/ATURNER JOSEPH W (President/CEO)Holding2,478.00N/ACommon stock
2026-01-13TURNER JOSEPH W (President/CEO)Buy18.0062.79Common stock
N/ATURNER JOSEPH W (President/CEO)Holding18,335.00N/ACommon stock
N/ATURNER JOSEPH W (President/CEO)Holding369,738.00N/ACommon stock
2026-01-26TURNER JOSEPH W (President/CEO)Sell6,000.0041.30Option to purchase
2027-11-15TURNER JOSEPH W (President/CEO)Holding6,000.00N/AOption to purchase
2028-11-28TURNER JOSEPH W (President/CEO)Holding13,000.00N/AOption to purchase
2029-11-20TURNER JOSEPH W (President/CEO)Holding20,000.00N/AOption to purchase
2030-10-26TURNER JOSEPH W (President/CEO)Holding27,500.00N/AOption to purchase
2031-11-17TURNER JOSEPH W (President/CEO)Holding35,250.00N/AOption to purchase
2032-11-16TURNER JOSEPH W (President/CEO)Holding43,050.00N/AOption to purchase
2033-11-15TURNER JOSEPH W (President/CEO)Holding50,850.00N/AOption to purchase
2034-11-20TURNER JOSEPH W (President/CEO)Holding58,650.00N/AOption to purchase
2035-11-19TURNER JOSEPH W (President/CEO)Holding66,450.00N/AOption to purchase