Form 4: Hilltop Holdings Executive Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Darren E. Parmenter, Chief Administrative Officer of Hilltop Holdings, reports acquisition and disposal of common stock related to vesting of restricted stock units.
Summary
- On February 23, 2024, Darren E. Parmenter, Chief Administrative Officer of Hilltop Holdings Inc., engaged in transactions involving the company's common stock.
- These transactions were related to the vesting of performance-based and time-based restricted stock units awarded on February 23, 2021.
- A total of 1,436 shares were withheld by the issuer to cover tax obligations related to the vesting of performance-based restricted stock units at a price of $30.82.
- Mr. Parmenter acquired 5,894 shares upon the vesting of performance-based restricted stock units.
- Additionally, 873 shares were withheld by the issuer to satisfy tax obligations related to the vesting of time-based restricted stock units at a price of $30.82.
- Following these transactions, Mr. Parmenter beneficially owns 87,397.0883 shares of Hilltop Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of award for performance-based and time-based restricted stock units. |
| 02/23/2024 | Date of stock transactions (vesting and tax withholding). |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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