SEC Form 4: Borrecco Mark Charles was granted 49,240 shares, converted options into 67,560 shares and covered exercise/tax liability with 41,259 shares, increasing direct ownership by 537% to 89,610 units to satisfy withholding tax

2/3/22 5:29:31 PM ET

$GWB

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BORRECCO MARK CHARLES

(Last)

(First)

(Middle)

C/O GREAT WESTERN BANCORP, INC.

225 SOUTH MAIN AVENUE

(Street)

SIOUX FALLS

57104

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Great Western Bancorp, Inc. [ GWB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	02/01/2022⁽¹⁾		M		8,065	A	$0	22,134	D
Common Stock, par value $0.01 per share	02/01/2022⁽²⁾		M		17,382	A	$0	39,516	D
Common Stock, par value $0.01 per share	02/01/2022⁽³⁾		M		15,215	A	$0	54,731	D
Common Stock, par value $0.01 per share	02/01/2022⁽⁴⁾		M		26,898	A	$0	81,629	D
Common Stock, par value $0.01 per share	02/01/2022⁽⁵⁾		F		25,383	D	$0	56,246	D
Common Stock, par value $0.01 per share	02/01/2022⁽⁶⁾		A		16,129	A	$0	72,375	D
Common Stock, par value $0.01 per share	02/01/2022⁽⁷⁾		A		33,111	A	$0	105,486	D
Common Stock, par value $0.01 per share	02/01/2022⁽⁸⁾		F		15,876	D	$0	89,610	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁹⁾	02/01/2022		M			8,065	⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01 per share	8,065	$0	0	D
Restricted Stock Units - 2020	⁽⁹⁾	02/01/2022		M			17,382	⁽²⁾	⁽²⁾	Common Stock, par value $0.01 per share	17,382	$0	0	D
Restricted Stock Units Feb 2021	⁽⁹⁾	02/01/2022		M			15,215	⁽³⁾	⁽³⁾	Common Stock, par value $0.01 per share	15,215	$0	0	D
Restricted Stock Units - 2021	⁽⁹⁾	02/01/2022		M			26,898	⁽⁴⁾	⁽⁴⁾	Common Stock, par value $0.01 per share	26,898	$0	0	D

Explanation of Responses:

1. The restricted stock units vest in two annual equal installments beginning on March 9, 2021. The vesting of the restricted stock units accelerated upon change in control.

2. The restricted stock units vest in three equal installments beginning on November 27, 2021. The vesting of the restricted stock units accelerated upon change in control.

3. The restricted stock units vest in four annual equal installments beginning on February 10, 2022. The vesting of the restricted stock units accelerated upon change in control.

4. The restricted stock units vest in three annual equal installments beginning on November 26, 2022. The vesting of the restricted stock units accelerated upon change in control.

5. The units representing these shares were surrendered to satisfy tax withholding obligations on the accelerated vesting of restricted stock unit awards upon change in control.

6. The accelerated vesting and issuance of performance stock units granted in November 2019 based on pre-established performance objectives which vested upon change in control at target.

7. The accelerated vesting and issuance of performance stock units granted in November 2020 based on pre-established performance objectives which vested upon change in control at the higher of actual or target.

8. The units representing these shares were surrendered to satisfy tax withholding obligations on the accelerated vesting of performance stock unit awards upon change in control.

9. Each restricted stock unit represents a contingent right to receive one share of the common stock, par value $0.01 per share, of Great Western Bancorp, Inc.

Remarks:

	Donald J. Straka, as attorney-in-fact for Mark Charles Borrecco	02/03/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Date	Price Target	Rating	Analyst
9/17/2021	$38.00 → $36.00	Buy → Neutral	DA Davidson
9/17/2021	$35.00 → $33.00	Outperform → Sector Perform	RBC Capital Mkts

SEC Form 4: Borrecco Mark Charles was granted 49,240 shares, converted options into 67,560 shares and covered exercise/tax liability with 41,259 shares, increasing direct ownership by 537% to 89,610 units to satisfy withholding tax

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$GWB

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SEC Form 4: Yose Stephen W. was granted 18,100 shares, converted options into 14,827 shares and covered exercise/tax liability with 10,269 shares, increasing direct ownership by 282% to 30,679 units to satisfy withholding tax

SEC Form 4: Straka Donald J converted options into 2,703 shares, covered exercise/tax liability with 1,491 shares and was granted 2,566 shares, increasing direct ownership by 55% to 10,661 units (for withholding tax)

SEC Form 4: Pederson Andrew James converted options into 4,585 shares, covered exercise/tax liability with 2,133 shares and was granted 3,303 shares, increasing direct ownership by 96% to 11,764 units to cover taxes

SEC Form 4: Borrecco Mark Charles was granted 49,240 shares, converted options into 67,560 shares and covered exercise/tax liability with 41,259 shares, increasing direct ownership by 537% to 89,610 units to satisfy withholding tax

Chat with this insight

Recent Analyst Ratings for $GWB

$GWB Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 4: Yose Stephen W. was granted 18,100 shares, converted options into 14,827 shares and covered exercise/tax liability with 10,269 shares, increasing direct ownership by 282% to 30,679 units to satisfy withholding tax

SEC Form 4: Straka Donald J converted options into 2,703 shares, covered exercise/tax liability with 1,491 shares and was granted 2,566 shares, increasing direct ownership by 55% to 10,661 units (for withholding tax)

SEC Form 4: Pederson Andrew James converted options into 4,585 shares, covered exercise/tax liability with 2,133 shares and was granted 3,303 shares, increasing direct ownership by 96% to 11,764 units to cover taxes

Recent Analyst Ratings for
$GWB

$GWB
Insider Trading