Form 4: Hilltop Holdings Director Gerald J. Ford Reports Changes in Beneficial Ownership

Gerald J. Ford, a director and 10% owner of Hilltop Holdings Inc., reports acquisition and gifting of common stock, resulting in adjustments to his direct and indirect beneficial ownership.

Summary

• On September 30, 2024, Gerald J. Ford acquired 1,659 shares of Hilltop Holdings Inc. common stock as compensation for services rendered as a director in the third quarter of 2024 under the company's 2020 Equity Incentive Plan.
• The price per share was calculated using the average closing price from September 17, 2024, to September 30, 2024, which was $32.382.
• Mr. Ford gifted these 1,659 shares to the Turtle Creek Revocable Trust.
• Following these transactions, Mr. Ford directly owns 321,174.3694 shares.
• The Turtle Creek Revocable Trust directly owns 94,723 shares.
• Diamond A directly owns 15,544,674 shares.
• The report also clarifies the indirect ownership through Diamond HTH Stock Company, LP, Diamond HTH Stock Company GP, LLC, and the Turtle Creek Revocable Trust, all entities associated with Mr. Ford.
• The reporting persons disclaim beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such persons in such securities.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to compensation and estate planning, indicating a neutral to slightly positive sentiment due to continued director alignment with the company.

Positives

• The acquisition of shares by a director demonstrates continued alignment with the company's success.
• The equity incentive plan is being utilized to compensate directors, which can be seen as a positive governance practice.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
• Employees may view the director's stock ownership as a sign of confidence in the company.

Key Dates