LANE HARRY MERRITT III 4
Research Summary
AI-generated summary
Hancock Whitney (HWC) Director Lane Merritt Receives Restricted Stock Award
What Happened
- Lane Harry Merritt III, a director of Hancock Whitney Corp (HWC), was granted 1,187 restricted shares on April 29, 2026. The grant price was $67.41 per share, equal to a total grant value of approximately $80,016. This transaction is reported as an award/grant (code A), not a market purchase or sale.
Key Details
- Transaction date and price: 2026-04-29; 1,187 shares at $67.41 each.
- Report filed: 2026-04-30 (timely filing; not reported late).
- Vesting & deferral: Footnote indicates these are Restricted Stock Awards under the company’s 2020 Long Term Incentive Plan with a one-year vesting schedule (F1). Shares are to be deferred upon vesting (F2).
- Additional note: Filing also says it includes shares acquired via the Dividend Reinvestment Plan since the reporting person’s last Form 4 (F3).
- Shares owned after transaction: not specified in the provided filing summary.
Context
- Restricted stock awards vest over time and typically cannot be sold immediately; they are compensation rather than an open‑market purchase or sale. Such grants are common director/executive compensation and do not by themselves signal an immediate trading intent.