Form 4: Hilltop Holdings Inc. Executive Jerry Schaffner Reports Stock Transactions
SEC Form 4 Filing
Jerry Schaffner, PlainsCapital Bank President & CEO, reports acquisition and disposal of Hilltop Holdings Inc. common stock related to vesting of restricted stock units.
Summary
- On February 23, 2024, Jerry Schaffner, PlainsCapital Bank President & CEO, reported transactions involving Hilltop Holdings Inc. common stock.
- Schaffner disposed of 4,375 shares at $30.82 to cover tax obligations related to vesting performance-based restricted stock units awarded on February 23, 2021.
- He also disposed of 2,181 shares at $30.82 to cover tax obligations related to vesting time-based restricted stock units awarded on February 23, 2021.
- Schaffner acquired 14,609 shares upon the vesting of performance-based restricted stock units awarded on February 23, 2021, at a price of $0.00.
- Following these transactions, Schaffner directly owns 146,997 shares and indirectly owns 1,459 shares through his wife.
- He disclaims beneficial ownership of the shares held by his wife, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, which is neutral in sentiment. It reflects routine compensation practices.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It reflects compensation and ownership alignment between management and shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership alignment.
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 (acquisition and disposal) related to vesting of restricted stock units. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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