Security National Financial Corporation filings document proxy governance, shareholder voting matters, and material-event disclosures tied to its dual-class common stock structure. Definitive proxy statements address board elections, equity incentive plan proposals, auditor ratification, annual meeting procedures, and related governance information.
Current reports disclose annual meeting vote results, Class A and Class C common share matters, weighted voting for Class C shares, and stock dividends declared on both classes of common stock. These filings also record capital-structure actions and formal shareholder approvals affecting the company’s public securities.
Security National Financial Corporation reported solid Q1 2026 results. Total revenues were $79.7 million, with net earnings of $7.0 million and basic earnings per Class A equivalent share of $0.28, slightly above the prior year.
Total assets reached $1.58 billion and stockholders’ equity was $425.5 million as of March 31, 2026, reflecting a strong balance sheet. Cash, cash equivalents and restricted cash rose to $162.1 million, supported by $32.9 million of net cash provided by operating activities.
Comprehensive income climbed to $15.1 million, helped by $8.1 million of other comprehensive income driven largely by interest rate remeasurement of future policy benefits. The company also details the 2025 adoption of ASU 2018-12 for long-duration insurance contracts and provides extensive disclosures on investments, mortgage credit quality and allowances for credit losses.
Security National Financial Corporation calls a June 26, 2026 annual meeting in Salt Lake City to elect nine directors, amend its 2022 Equity Incentive Plan, hold an advisory vote on executive pay, and ratify Deloitte & Touche LLP as independent registered public accountants for 2026.
Directors are chosen under a dual-class structure, with three elected solely by Class A holders and six by Class A and Class C holders voting together, where Class C carries ten votes per share. As of April 1, 2026, 22,432,763 Class A shares and 3,587,237 Class C shares were issued and outstanding.
The proxy details 2025 compensation for key executives, including total pay of $2,224,959 for Chairman, President and CEO Scott M. Quist and $1,474,164 for CFO Garrett S. Sill, combining salary, cash bonuses, stock option awards, and other benefits. Significant option grants in 2025 used exercise prices around $8.53–$9.38 per share and vest 25% per quarter over one year.
The 2022 Equity Incentive Plan authorizes up to 4,000,000 Class A or Class C shares, with 3,144,697 shares subject to outstanding awards and 2,397,748 remaining available as of December 31, 2025. The CEO’s long-term employment agreement provides retirement benefits equal to 75% of then-current compensation for 20 years, with an accrued liability of $8,695,154 at December 31, 2025.
Security National Financial Corp director and Vice President/General Counsel Adam George Quist exercised stock options to acquire 8,934 shares of Class A Common Stock at $9.86 per share on April 18, 2026. Following this transaction, he directly holds 19,942 Class A shares.
The filing also lists a series of employee stock option grants on Class A and Class C Common Stock awarded between 2016 and 2025, with exercise prices ranging from $2.84 to $14.39 per share and expirations between 2026 and 2035. Footnotes note additional indirect holdings of 22,143 Class A shares in a Deferred Compensation Plan and 28,726 Class A shares in a 401(k) Retirement Savings Plan.
Security National Financial Corp director Craig Moody exercised stock options to acquire 862 and 4,471 shares of Class A Common Stock on April 20, 2026, at exercise prices of $4.52 and $4.32 per share.
After these compensation-related option exercises, he directly holds 49,477 Class A shares. The filing also lists earlier director stock option and restricted stock unit awards granted under the company’s equity plans, highlighting ongoing stock-based compensation rather than open-market share purchases.
SECURITY NATIONAL FINANCIAL CORP director John L. Cook reported equity compensation activity consisting entirely of share acquisitions. On April 1, 2026, he received a grant of 615 restricted stock units (RSUs) tied to Class A Common Stock at a reference price of $8.53 per share, and on the same date 615 shares of Class A Common Stock were acquired through an exercise/conversion related to these awards.
Following these transactions, Cook directly holds 24,520 shares of Class A Common Stock and 52,326 RSUs, which vest quarterly and are scheduled to be fully vested by December 31, 2026. The filing also lists prior director stock option and RSU grants made under the company’s equity incentive plans, adjusted over time for stock dividends under plan anti-dilution provisions.
Security National Financial Corp director Gilbert A. Fuller reported mixed equity activity. He completed an open-market sale of 10,000 shares of Class A Common Stock at $9.45 per share, and after this sale he directly held 31,973 shares.
The filing also notes a prior grant of restricted stock units on December 5, 2025 under the company’s 2022 Equity Incentive Plan at $8.53 per unit, vesting quarterly until full vesting on December 31, 2026, highlighting ongoing equity-based compensation alongside the recent share sale.
Fidelity Brokerage Services LLC submitted a Form 144 reporting a proposed sale of common stock.
The filing lists 10,000 shares alongside an entry showing a sale of 615 shares on 04/02/2026 for $5,817.90. The record includes transaction types such as open market purchases and stock option exercise.
SECURITY NATIONAL FINANCIAL CORP director Moody H. Craig reported equity compensation transactions. On April 1, 2026, he received 615 restricted stock units tied to Class A Common Stock at $8.53 per unit and related derivative exercise into common shares.
Following these transactions, he directly held 44,144 shares of Class A Common Stock and 61,868 restricted stock units. The filing also lists earlier director stock option grants from 2016–2023 with exercise prices between $2.84 and $7.21, adjusted over time for multiple stock dividends under the company’s equity plans.
SECURITY NATIONAL FINANCIAL CORP general counsel and corporate secretary Jeffrey Russell Stephens reported equity compensation activity and a related share issuance. On December 5, 2025, he was granted 3,549 restricted stock units for Class A Common Stock at $8.53 per share, vesting quarterly until fully vested on December 31, 2026. On April 1, 2026, he received an additional grant of 887 restricted stock units and exercised derivative rights to acquire 887 shares of Class A Common Stock. Following the April transaction, he directly holds 36,235 shares of Class A Common Stock, and the filing notes a further 127,080 shares held indirectly through a 401(k) Retirement Savings Plan.