Zollinger John J. IV 4
Research Summary
AI-generated summary
Home Bancorp SEVP John J. Zollinger IV Receives RSUs, Sells Shares
What Happened
John J. Zollinger IV, Senior EVP & Chief Banking Officer of Home Bancorp (HBCP), was granted 1,400 restricted stock units (RSUs) and disposed of 1,198 shares in two steps: 331 shares were surrendered to cover taxes (withheld) and 867 shares were sold in the open market. The tax-withheld shares were valued at $63.27 each (≈ $20,942) and the open-market sale was at $62.77 each (≈ $54,422), for combined proceeds of about $75,364. The RSUs are granted under the issuer’s 2021 Incentive Plan and settle only in common stock.
Key Details
- Transaction dates and prices:
- 2026-05-12: Award of 1,400 RSUs (no cash price).
- 2026-05-12: 331 shares withheld to pay taxes at $63.27 (disposition), ≈ $20,942.
- 2026-05-13: 867 shares sold in open market at $62.77 (disposition), ≈ $54,422.
- Total shares disposed: 1,198; total proceeds ≈ $75,364.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: The RSUs vest in equal annual installments (20% per year) and may be settled only in shares pursuant to the 2021 Incentive Plan. The 331-share disposition is a tax withholding event (code F); the 867-share sale is an open-market sale (code S).
- Filing timeliness: Reported on 2026-05-13 for transactions on 2026-05-12—filed the next day (timely).
Context
This was primarily an award of RSUs combined with routine share dispositions: a tax-withholding share surrender and an open-market sale. Tax withholding or sales to cover tax obligations are common and do not necessarily indicate an insider’s view on company prospects. The transaction did not involve option exercises; the RSUs vest over time and settle in shares.