Form 4: Hawthorn Bancshares Director Sells Shares in Open Market Transaction

Frank E. Burkhead, a director at Hawthorn Bancshares, sold 3,000 shares of common stock at a price of $31.8651 per share on December 4, 2024.

Summary

• Frank E. Burkhead, a director of Hawthorn Bancshares, sold 3,000 shares of the company's common stock on December 4, 2024.
• The sale was executed at a price of $31.8651 per share.
• Following the transaction, Mr. Burkhead directly owns 11,476.9302 shares and indirectly owns 6,533.8083 shares through an IRA.
• The report also includes shares acquired through the company's DRIP program since the last report.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. There is no indication of positive or negative sentiment, it is a neutral event.

Industry Context

This is a routine disclosure of a director's stock transaction, which is common in the financial industry. Such filings are required by the SEC to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The sale by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.
• Similar filings are made by directors and officers of comparable financial institutions such as Commerce Bancshares and UMB Financial Corporation.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is generally considered a normal part of market activity.

Key Dates

Keywords

Hawthorn Bancshares, Director, Share Sale, Form 4, Stock Transaction, Insider Trading, DRIP