Form 4: Hilltop Holdings CEO Granted Restricted Stock Units

Steve B Thompson, President and CEO of PrimeLending, a subsidiary of Hilltop Holdings Inc., was granted 9,917 restricted stock units.

Summary

• Steve B Thompson, the PrimeLending President and CEO, acquired 9,917 shares of Hilltop Holdings Inc. common stock.
• The acquisition was in the form of restricted stock units (RSUs) granted on February 23, 2021, with an acquisition price of $0.00 per unit.
• These restricted stock units will vest, and an equal number of common stock shares will be delivered, on February 23, 2024, which is the third anniversary of the grant date.
• The shares delivered upon conversion of the RSUs will be subject to transfer restrictions until February 23, 2025, the first anniversary of the vesting date.
• Following this transaction, Steve B Thompson beneficially owns 43,919 shares of Hilltop Holdings Inc. common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive signal, indicating continued commitment and alignment of interests between management and shareholders. It is a routine compensation event, not indicative of extraordinary performance or issues.

Positives

• The grant of restricted stock units aligns the interests of the PrimeLending President and CEO with those of Hilltop Holdings Inc. shareholders, incentivizing long-term performance.
• The compensation structure, with a three-year vesting period and an additional one-year transfer restriction, promotes executive retention and commitment to the company's long-term success.

Future Outlook

The restricted stock units are scheduled to vest on February 23, 2024, with transfer restrictions on the resulting common stock shares expiring on February 23, 2025, subject to earlier occurrence of specified events in the award agreement.

Stakeholder Impact

• Shareholders: The grant aligns executive incentives with shareholder value creation over the long term.
• Employees: May signal stability and a commitment to retaining key leadership.

Next Steps

• Vesting of the restricted stock units on February 23, 2024.
• Expiration of transfer restrictions on the common stock shares on February 23, 2025.

Key Dates

Keywords

Hilltop Holdings Inc., HTH, Steve B Thompson, PrimeLending, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Equity Grant