GREAT WESTERN BANCORP, INC. (NYSE:GWB) Files An 8-K Other EventsItem 8.01. Other Events.
Ken Karels, President and Chief Executive Officer, Peter Chapman, Chief Financial Officer and Stephen Ulenberg, Chief Risk Officer of Great Western Bancorp, Inc. (the “Company”), each previously adopted stock trading plans in accordance with the guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended (“10b5-1 Sales Plan”). On October 30, 2017, Mr. Karels, Mr. Chapman and Mr. Ulenberg amended their respective 10b5-1 Sales Plan to provide that the election to sell those restricted share awards vesting on December 2, 2017 and December 4, 2017 in an amount sufficient to cover taxes and fees associated with the awards is hereby deleted as each has decided to surrender units/shares sufficient to cover tax withholding obligations arising out of the aforementioned vestings in accordance with the Company’s Plan. All other terms and conditions of each 10b5-1 Sales Plan shall continue in full force and effect.
Any transactions under the 10b5-1 Sales Plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission when due. Except as may be required by law, the Company does not undertake to report 10b5-1 trading plans by other officers or directors of the Company in the future, or to report modifications or terminations of any such plans, whether or not the plan was publicly announced, except to the extent required by law.
About GREAT WESTERN BANCORP, INC. (NYSE:GWB)
Great Western Bancorp, Inc. is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. The Company focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Company’s loan portfolio consists primarily of business loans, consisting of commercial and industrial loans (C&I), commercial real estate loans and agribusiness loans. The Company offers its business banking customers a focused range of financial products designed to meet the specific needs of their businesses, including loans, lines of credit, cash management services, online business deposit and wire transfer services, in addition to non-interest-bearing demand deposit and savings accounts, and corporate credit cards.