Westbrook Hunter 4
Research Summary
AI-generated summary
HomeTrust (HTB) CEO Westbrook Hunter Receives Equity Awards; Shares Withheld
What Happened
- Westbrook Hunter, President, CEO and Director of HomeTrust Bancshares (HTB), received two equity awards on Feb 11, 2026 totaling 20,540 shares (8,217 and 12,323 shares) at $0.00 per share (awards/grants).
- On the same date, 1,009 shares were surrendered/withheld to satisfy tax withholding at $44.04 per share, totaling $44,436. The awards are compensation (acquisitions), while the 1,009-share disposition reflects routine tax withholding, not an open-market sale.
Key Details
- Transaction dates: all reported on 2026-02-11; Form 4 filed 2026-02-13 (timely).
- Award specifics: total awarded = 20,540 shares (two separate grants). Transaction code A = award/grant; code F = tax withholding/tax-related disposition.
- Withholding: 1,009 shares withheld at $44.04 each = $44,436 to cover taxes.
- Vesting/conditions (from filing footnotes): one grant is restricted stock under the 2022 Omnibus Incentive Plan vesting one‑third on Feb 11 of 2027, 2028 and 2029; the other is a restricted stock unit award under the 2022 plan subject to performance-based vesting.
- Shares owned after transaction: not specified in the summary data provided.
- Filing timeliness: filing appears timely (reported for 2/11/2026 and filed 2/13/2026).
Context
- These transactions are compensation awards to the CEO (not an open-market purchase). The withheld shares represent a standard tax-withholding action tied to the grant and do not indicate a discretionary sale of shares for investment reasons.