Form 4: Hilltop Holdings Inc. Executive Jerry Schaffner Reports Stock Gift

Jerry Schaffner, CEO of PlainsCapital Bank, reports a gift of 2,773 common stock shares and discloses beneficial ownership of 142,043 shares directly and 1,459 shares indirectly through his wife.

Summary

• On April 2, 2024, Jerry Schaffner, CEO of PlainsCapital Bank, an officer of Hilltop Holdings Inc., reported a transaction involving the company's common stock.
• Schaffner gifted 2,773 shares of common stock.
• Following the transaction, Schaffner directly owns 142,043 shares of Hilltop Holdings Inc.
• Schaffner also indirectly owns 1,459 shares through his wife, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
• The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares.

Industry Context

This is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders.
• The disclosure provides transparency regarding the executive's holdings in the company.

Key Dates