Form 4: Hilltop Holdings Director Carl B. Webb Acquires Additional Shares as Compensation

Director Carl B. Webb acquired 409 shares of Hilltop Holdings Inc. common stock as compensation for services rendered in the third quarter of 2024.

Summary

• On September 30, 2024, Carl B. Webb, a director of Hilltop Holdings Inc., acquired 409 shares of common stock.
• The acquisition was part of the Hilltop Holdings Inc. 2020 Equity Incentive Plan.
• These shares were compensation for services rendered as a director during the third calendar quarter of 2024.
• The price per share was calculated using the average closing price from September 17, 2024, to September 30, 2024, resulting in a price of $32.382 per share.
• Following the transaction, Webb directly owns 127,122 shares of Hilltop Holdings Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction of a director acquiring shares as part of a compensation plan, indicating alignment with shareholder interests.

Positives

• The acquisition reflects continued director alignment with company performance.
• The equity incentive plan is being utilized as intended to compensate directors.

Industry Context

Director share acquisitions are a common practice in publicly traded companies to align the interests of directors with those of shareholders. These acquisitions are often part of equity compensation plans designed to incentivize performance and long-term value creation.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or direct stock grants.
• The specific terms and amounts vary widely based on company size, industry, and individual contributions.
• Comparing Hilltop Holdings' director compensation to peers in the financial services industry would provide a more detailed assessment of its competitiveness.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates