Insider Trading February 20, 2026

Richmond Mutual Market President Adds to Stake; Options and Ownership Details Disclosed

Minor open-market purchase raises direct holdings and highlights outstanding stock options tied to long-term vesting

By Sofia Navarro RMBI
Richmond Mutual Market President Adds to Stake; Options and Ownership Details Disclosed
RMBI

A Richmond Mutual Bancorporation, Inc. executive increased his direct stake through an open-market purchase on February 19, 2026, while filings show he also holds long-dated options that begin vesting in mid-2026. The transaction, regulatory filings and third-party data outline the purchase metrics, company valuation markers and governance-related signals such as buybacks and shareholder yield.

Key Points

  • An open-market purchase on February 19, 2026 increased the market president's direct holdings to 631.7965 shares, reflecting insider acquisition activity within the regional banking sector.
  • The executive holds rights to acquire 25,000 shares at a $13.37 exercise price, with vesting in five equal annual installments beginning June 30, 2026, which is relevant to potential future dilution and long-term alignment.
  • Third-party data places Richmond Mutual at a $136 million market capitalization with a P/E of 12 and a 4.3% dividend yield; InvestingPro notes management buybacks and high shareholder yield, signaling governance actions that affect shareholder returns and capital allocation.

Transaction details

On February 19, 2026, William A. Daily Jr., Market President (West Ohio) at Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI), purchased 347.2222 shares of common stock at $14.40 per share, for a total disclosed transaction value of $4,999. That purchase price was slightly above the contemporaneous quoted share price of $14.09.

Regulatory filing and ownership change

A Form 4 filing with the Securities and Exchange Commission shows the transaction increased Daily's direct ownership to 631.7965 shares of Richmond Mutual Bancorporation, Inc. The filing also denotes additional equity-related holdings described below.

Options position and vesting schedule

The same filing indicates Daily holds a right to acquire 25,000 shares of Common Stock with an exercise price of $13.37. Those rights expire on 2035-07-15 and are scheduled to vest in five equal annual installments beginning on June 30, 2026.

Company valuation and third-party metrics

Third-party InvestingPro data cited alongside the filing places Richmond Mutual's market capitalization at $136 million and assigns the firm a financial health rating of "FAIR." At the time of the purchase the company was trading at a price-to-earnings ratio of 12 and offering a dividend yield of 4.3%.

Governance and shareholder signals

InvestingPro Tips noted in relation to the company point to active share repurchases by management and characterize the firm as offering a high shareholder yield. Those observations were highlighted as part of the platform's data insights.

Context and limitations

The regulatory filing provides the specific transactional and option terms as recorded. It does not include commentary on the rationale behind the purchase or on expected future insider activity. The third-party valuation and rating are presented as reported and do not imply an adjusted valuation beyond those figures.


Key details at a glance

  • Buyer: William A. Daily Jr., Market President (West Ohio).
  • Shares acquired: 347.2222 on 2026-02-19 at $14.40 each; total $4,999.
  • Post-transaction direct holdings: 631.7965 shares.
  • Options/right to buy: 25,000 shares at $13.37, expiring 2035-07-15; five equal annual vesting installments starting 2026-06-30.
  • Company metrics reported: P/E 12, dividend yield 4.3%, market cap $136 million, financial health rated "FAIR."

Risks

  • The filing does not disclose the buyer's intent, so investors have limited visibility into the motivation behind the purchase - this creates uncertainty for market participants in the financial and regional banking sectors.
  • Outstanding rights to purchase 25,000 shares at $13.37 that begin vesting in mid-2026 could lead to dilution if exercised, which is a consideration for shareholders in the banking equity.
  • The company's 'FAIR' financial health rating and modest market capitalization of $136 million suggest constrained balance-sheet resilience, which may be a risk factor for investors focused on regional banking stability.

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