Guaranty Bank awards stock to execs, board members

Guaranty Federal Bancshares Inc. (Nasdaq: GFED) recently awarded company stock to more than a dozen executives and board members.

The top two awards, by stock amount, went to Guaranty Bank President and CEO Shaun Burke, Chief Operating Officer Robin Robeson, Chief Financial Officer Carter Peters and Chief Credit Officer Sheri Biser. All were awarded restricted stock units under U.S. Securities and Exchange Commission code M, which allows them to sell the shares in the future at market prices and make a profit based on the stock price of $23.50 as of Feb. 28.

Burke was awarded 11,944 shares that were worth $280,684 as of Feb. 28. Robeson’s award amounted to $162,244; Peters’ shares were valued at $150,894; and Biser’s were worth $132,775 according to separate SEC filings. Additionally, Financial Manager Daniel Williams was awarded 434 shares worth $10,199, and Controller Teri Harris received 422 shares valued at $9,917.

Seven of the company’s independent board members were awarded 797 shares apiece, according to SEC filings. At the Feb. 28 market price of $23.50, 797 Guaranty shares were worth $18,730. The board members awarded shares are James Batten, John Griesemer, Kurt Hellweg, Greg Horton, David Moore, James Sivils and Tim Rosenbury.

GFED shares were trading at $23.58 as of 11:52 a.m., compared with a 52-week range of $21.89 to $26.93 per share.