Form 4: Hawthorn Bancshares CEO Brent M. Giles Reports Stock Purchases
SEC Form 4 Filing
Brent M. Giles, CEO of Hawthorn Bancshares, reports purchasing common stock and holding restricted stock units.
Summary
- On March 14, 2024, Brent M. Giles, the CEO of Hawthorn Bancshares, acquired common stock through open market purchases.
- He purchased 1,224 shares at a weighted average price of $19.506, with individual prices ranging from $19.05 to $19.85.
- Additionally, he acquired 35 shares at $19.571.
- Following these transactions, Giles directly owns 12,312 shares and indirectly owns 5,527 shares through a trust, and 1,325.8862 shares through a Profit Sharing Trust.
- He also holds 12,277 restricted stock units (RSUs) that vest in three equal annual installments.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO purchasing shares suggests confidence, but it's a routine transaction.
Positives
- The CEO's purchase of company stock could be interpreted as a positive signal about his confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's value.
Stakeholder Impact
- The CEO's stock purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock purchase transactions. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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