Form 4: HBT Financial Director Allen C. Drake Gifts Over Half a Million Shares to Family

HBT Financial, Inc. Director Allen C. Drake reported gifting a total of 495,000 shares of common stock to his spouse and children on May 28, 2025, through trust arrangements.

Summary

• Allen C. Drake, a Director of HBT Financial, Inc., reported changes in his beneficial ownership of the company's common stock.
• On May 28, 2025, Mr. Drake gifted 330,000 shares of common stock from his indirect holdings (represented by trust certificates from a Voting Trust held by him) to his spouse and children.
• Following this gift, Mr. Drake's indirect beneficial ownership through his trust decreased to 1,166,288 shares.
• On the same date, 165,000 shares were acquired indirectly by Mr. Drake through his spouse's Voting Trust, likely as part of the gifting process, bringing his indirect beneficial ownership via his spouse's trust to 365,980 shares.
• Additionally, on May 28, 2025, Mr. Drake's spouse gifted 165,000 shares from her holdings (which Mr. Drake indirectly beneficially owns) to her and Mr. Drake's children.
• This subsequent gift reduced Mr. Drake's indirect beneficial ownership through his spouse's trust to 200,980 shares.
• Mr. Drake also directly holds 3,400 shares of HBT Financial, Inc. common stock, which were not part of these transactions.
• The transactions were reported as gifts (transaction code 'G') with a price of $0 per share.

Sentiment

Score: 5

Explanation: The document reports a routine insider gifting transaction, which is generally neutral in sentiment as it reflects personal estate planning rather than a direct statement on company performance or outlook.

Future Outlook

N/A

Industry Context

This Form 4 filing reports a routine insider transaction (gifting of shares) and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The gifting of shares by a director is a personal transaction and does not directly impact the company's operations or financial performance. It slightly reduces the director's direct beneficial ownership but maintains significant indirect holdings.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders from this type of filing.

Key Dates

Keywords

HBT Financial, HBT, SEC filing, Form 4, insider transaction, beneficial ownership, stock ownership, director, gifting, equity securities