Bornemann Keith E. 4

What Happened Keith E. Bornemann, Chief Accounting Officer of Hilltop Holdings (HTH), acquired 60 shares of Hilltop stock on July 1, 2026. The shares were purchased at $34.90 per share for a total cost of $2,094. The Form 4 lists the transaction as an acquisition (code A) and the filing was submitted on July 2, 2026.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (appears timely under Form 4 rules).
• Transaction type: ESPP purchase (reported as "Grant, award or other acquisition" A).
• Shares acquired: 60 at $34.90 per share; total value $2,094.
• Footnotes: F1 — shares purchased under Hilltop’s Employee Stock Purchase Plan (ESPP) for the April 1–June 30, 2026 purchase period. F2 — purchase price reflects 90% of Hilltop’s closing price on June 30, 2026.
• Post-transaction holdings: not disclosed in the filing.

Context This was a purchase through the company’s ESPP, a routine program that lets employees buy shares at a discounted price (here, 90% of the June 30 closing price). Such purchases are common and are generally viewed differently from open-market buys by executives; they reflect participation in a compensation/benefit plan rather than a standalone market-timed investment.