Valete James E. 4
Accession 0001437749-26-001877
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 2:37 PM ET
Size
10.9 KB
Accession
0001437749-26-001877
Research Summary
AI-generated summary of this filing
First Savings (FSFG) EVP James Valete Sells 1,821 Shares
What Happened
James E. Valete, EVP & Chief SBA Lending Officer of First Savings Financial Group (FSFG), had 1,821 shares disposed (withheld) on January 20, 2026 to cover tax liabilities. The shares were valued at $31.85 each, for a total value of $57,999. This was a tax-withholding disposal (Form 4 transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-01-20 at $31.85 per share (1,821 shares; $57,999 total).
- Transaction type: Code F — payment of exercise price or tax liability (shares withheld/disposed).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes: Multiple footnotes (F1–F5) indicate restricted stock vesting schedules were accelerated to the transaction date, and footnotes (F6–F8) note accelerated vesting of stock options — all per the Agreement and Plan of Merger with First Merchants Corporation.
- Filing timeliness: The Form 4 was filed on 2026-01-23 for a 2026-01-20 transaction, which appears to be one business day late (Form 4s are generally due within two business days).
Context
A tax-withholding disposal is routine: shares are surrendered to cover tax obligations arising from vesting/exercise and do not necessarily indicate a decision to take investment gains via a market sale. The filing’s footnotes show the underlying awards (restricted stock and options) had vesting accelerated because of the announced merger with First Merchants Corporation, which likely triggered the tax event that required withholding.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4][F5]2026-01-20$31.85/sh−1,821$57,999→ 4,662 total
- 3,750
Stock Options
[F6]Exercise: $22.49From: 2023-11-21Exp: 2032-11-21→ Common Stock (3,750 underlying) - 4,250
Stock Options
[F7]Exercise: $15.10From: 2024-11-21Exp: 2033-11-21→ Common Stock (4,250 underlying) - 960
Stock Options
[F8]Exercise: $29.00From: 2025-11-21Exp: 2034-11-21→ Common Stock (960 underlying)
Footnotes (8)
- [F1]Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F2]Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F3]Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F4]Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on April 14, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F5]Includes shares of restricted stock which were scheduled to vest at a rate of 20% per year commencing on November 21, 2026. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F6]Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2023. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F7]Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2024. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
- [F8]Stock options were scheduled to vest at a rate of 20% per year commencing on November 21, 2025. Pursuant to the Agreement and Plan of Merger between the Issuer and First Merchants Corporation, vesting was accelerated to the transaction date.
Signature
Documents
Issuer
First Savings Financial Group, Inc.
CIK 0001435508
Related Parties
1- filerCIK 0001923258
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 2:37 PM ET
- Size
- 10.9 KB