PRESTIDGE COREY 4
Research Summary
AI-generated summary
Hilltop Holdings (HTH) EVP Corey Prestidge Receives Award; Shares Withheld
What Happened
Corey Prestidge, EVP, General Counsel & Secretary of Hilltop Holdings (HTH), had performance- and time-based restricted stock units vest on Feb 8, 2026. A total of 5,082 shares were delivered as awards (acquisition price $0.00); the issuer withheld 1,339 shares and 1,610 shares to satisfy tax-withholding obligations (dispositions at $39.83). The withheld shares were recorded as dispositions (F) with values of $53,332 and $64,126 respectively. Net shares retained after withholding: 2,133 (approx. $84,957 at $39.83/share).
Key Details
- Transaction date: 2026-02-08; Form filed: 2026-02-10 (appears timely).
- Award: 5,082 shares acquired (code A) at $0.00 (performance-based RSUs vesting). Approximate market value at $39.83: ~$202,416.
- Withholding/dispositions: 1,339 shares @ $39.83 = $53,332 (F1) and 1,610 shares @ $39.83 = $64,126 (F3). Total withheld ≈ 2,949 shares (~$117,458).
- Net shares retained: 2,133 shares (5,082 − 2,949), ≈ $84,957 at $39.83.
- Footnotes: F1/F3 = shares withheld to cover tax withholding for performance- and time-based RSUs awarded 2/8/2023; F2 = shares delivered upon achievement of performance criteria.
- Shares owned after transaction: not stated in the provided filing excerpt.
Context
These transactions reflect the vesting of RSUs and issuer withholding to satisfy tax obligations (a common cashless settlement), not an open-market sale or purchase decision by the insider. Awards (A) are acquisitions, while the withheld shares (F) are routine tax-related dispositions and generally do not signal a change in insider sentiment.