Form 4: HBT Financial CEO James Carter Reports Stock Transactions
SEC Form 4
James Carter, CEO of HBT Financial, reports acquisition and disposal of company stock related to restricted stock units and tax obligations.
Summary
- On February 28, 2025, James Carter, the President and CEO of HBT Financial, Inc., engaged in transactions involving the company's common stock.
- Carter acquired 5,572 shares of common stock through restricted stock units (RSUs) under the HBT Financial, Inc. Omnibus Incentive Plan.
- These RSUs vest in three annual installments: 33% on February 28, 2026, 33% on February 28, 2027, and 34% on February 29, 2028.
- Additionally, Carter acquired 7,266 shares of common stock upon settlement of a performance restricted stock unit award granted on February 25, 2022.
- Carter also disposed of 1,550 shares and 2,128 shares to satisfy tax obligations related to the vesting of restricted stock units and performance restricted stock units, respectively, at a price of $25 per share.
- Following these transactions, Carter directly owns 139,045 shares of HBT Financial, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There's no indication of unusual activity or concern.
Positives
- The acquisition of RSUs and performance-based shares indicates confidence in the company's future performance by the CEO.
Negatives
- The disposal of shares to cover tax obligations, while routine, slightly reduces the CEO's direct holdings.
Future Outlook
The vesting schedule of the RSUs extends to February 29, 2028, suggesting a long-term commitment from the CEO.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CEO's holdings and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 2022/02/25 | Date of performance restricted stock unit award granted to the reporting person. |
| 2025/02/28 | Date of stock transactions, including RSU acquisition and tax-related disposals. |
| 2026/02/28 | First vesting date (33%) for the acquired RSUs. |
| 2027/02/28 | Second vesting date (33%) for the acquired RSUs. |
| 2028/02/29 | Final vesting date (34%) for the acquired RSUs. |
| 2025/03/04 | Date of signature for the Form 4 filing. |
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