Hawthorn Bancshares (HWBK) Director Philip Freeman Receives RSU Award

What happened Philip D. Freeman, a director of Hawthorn Bancshares, Inc. (HWBK), was granted 500 restricted stock units (RSUs) on June 2, 2026. The grant is reported on a Form 4 as an award (code A) with an acquisition price of $0 (no cash paid) and a reported aggregate value of $0. The RSUs can be settled only in common stock and will fully vest on June 2, 2027, subject to continued service.

Key details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (timely filing).
• Transaction type/code: Award of RSUs (A); 500 shares; price reported $0; aggregate reported value $0.
• Vesting/settlement: RSUs settle only in common stock and fully vest on June 2, 2027 (footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding, or sales noted in this filing.

Context RSUs are a form of equity compensation that do not represent actual shares until vested and settled; this grant does not involve an immediate cash purchase or sale. Because this is a director grant (not a sale), it reflects compensation rather than a trading signal; retail investors should view it as standard equity-based compensation unless further insider transactions occur.