HomeTrust Bancshares, Inc. 8-K

What Happened
HomeTrust Bancshares, Inc. filed an 8-K (Item 5.02) reporting that on February 9, 2026 the Compensation and Human Capital Committee approved targeted incentive award opportunities and the performance measures/weightings under the Company’s Senior Leadership Incentive Plan for the year ending December 31, 2026. Targets were set for five named executive officers, including CEO C. Hunter Westbrook and CFO Tony J. VunCannon.

Key Details

• Approval date: February 9, 2026; Form 8-K filed February 11, 2026.
• Target incentive levels: C. Hunter Westbrook (President & CEO) — 50% of annual base salary; Tony J. VunCannon (EVP, CFO) — 40%; Megan Pelletier (EVP, Chief Operations & People Officer) — 40%; Kristin Y. Powell (EVP, Consumer & Business Banking Group) — 40%; John F. Sprink, II (EVP, Commercial Banking Group) — 40%.
• Performance metrics and weightings: For Westbrook, VunCannon and Pelletier — adjusted pretax, pre-provision income (100% weighting). For Powell and Sprink — adjusted pretax, pre-provision income (50%) and division profitability (50%).
• These targets are expressed as a percentage of base salary (not dollar guarantees) and apply to the 2026 performance year.

Why It Matters
Investors should note the company is tying senior executive pay to profitability metrics for 2026, with a strong emphasis on adjusted pretax, pre-provision income. That focus signals management and the board intend to reward improvements in core earnings performance and, for line-of-business heads, divisional profitability. The filing does not disclose potential dollar payouts or thresholds; actual payments will depend on 2026 results relative to the approved performance goals.