Form 4: Hawthorn Bancshares CEO Brent M. Giles Reports Acquisition of Common Stock and Restricted Stock Units
SEC Form 4 Filing
CEO Brent M. Giles reports the acquisition of common stock and restricted stock units in Hawthorn Bancshares, Inc.
Summary
- Brent M. Giles, CEO of Hawthorn Bancshares, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2025, Giles acquired 8,174 shares of common stock.
- Giles directly owns 27,545.388 shares of common stock, including unvested restricted stock units (RSUs).
- He indirectly owns 4,625.562 shares through a Profit Sharing Trust and 13,092.54 shares through a Trust.
- The RSUs vest in three equal annual installments, subject to continued employment.
- The filing also includes shares acquired since the last report through the Company's Profit Sharing Trust and DRIP program.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing insider transactions.
Positives
- The CEO's acquisition of shares may signal confidence in the company's future performance.
Future Outlook
The vesting schedule of the RSUs extends to May 1, 2028, indicating a long-term incentive structure for the CEO.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies.
Stakeholder Impact
- Shareholders may view the CEO's stock acquisition as a positive sign.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Acquisition of common stock and vesting date of some RSUs. |
| 05/01/2025 | Vesting date of 3,717 RSUs. |
| 06/30/2025 | Vesting date of 4,092 RSUs. |
| 05/01/2026 | Vesting date of 6,442 RSUs. |
| 06/30/2026 | Vesting date of 4,093 RSUs. |
| 05/01/2027 | Vesting date of 6,442 RSUs. |
| 05/01/2028 | Vesting date of 2,724 RSUs. |
| 05/05/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Hawthorn Bancshares, Brent M. Giles, Common Stock, Restricted Stock Units, Equity Incentive Plan
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