FINER TIMOTHY D 4

What Happened
Timothy D. Finer, SVP and Director of Commercial Banking at Hills Bancorporation, was granted 400 restricted shares on January 13, 2026. The shares were issued at $81.50 each for a total grant value of $32,600. This was an award/acquisition (not a market purchase or sale).

Key Details

• Transaction date: 2026-01-13; reported on Form 4 filed 2026-04-02 (filing occurred after the typical 2-business-day window).
• Transaction type: Award/Grant of restricted stock (code A).
• Shares granted: 400 at $81.50 each — total reported value $32,600.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The 400 shares are time‑based restricted stock vesting over eight years beginning January 13, 2026.
• No 10b5-1 plan, sale, or tax‑withholding detail disclosed in this filing.

Context
This is an equity award (long-term compensation) rather than an open‑market purchase or sale; such grants are common as retention/incentive pay and do not by themselves signal immediate trading intent. Note the Form 4 was filed well after the grant date, which delays public visibility of the award.