Sprink John Francis II 4
Research Summary
AI-generated summary
HomeTrust (HTB) EVP John Sprink Receives Awards; 503 Shares Withheld
What Happened
- John F. Sprink II, Executive Vice President and Commercial Banking Group executive at HomeTrust Bancshares, received two equity awards on Feb 11, 2026: 1,341 restricted shares (award) and 2,011 restricted stock units (award), both recorded at $0.00. On the same date, 503 shares were disposed (withheld) at $44.04 per share to satisfy tax withholding obligations, totaling $22,152.
- These were awards (not open-market purchases or sales). The withholding of 503 shares to cover taxes is a routine settlement (transaction code F) and does not necessarily indicate a voluntary sale for investment purposes.
Key Details
- Transaction date: 2026-02-11; Awards recorded at $0.00; 503 shares withheld at $44.04/share = $22,152.
- Transactions reported on Form 4 filed 2026-02-13 (timely filing).
- Shares owned after the transaction: not specified in the provided filing details.
- Notable footnotes: the 1,341 shares are a restricted stock award under the 2022 Omnibus Incentive Plan vesting one-third on Feb 11 in 2027, 2028 and 2029 (F1). The 2,011 award is a restricted stock unit under the 2022 Omnibus Incentive Plan subject to performance-based vesting conditions (F2). The 503-share disposition is for tax withholding (F).
- Transaction codes: A = award/grant; F = tax withholding/payment of tax liability.
Context
- The 503-share disposition appears to be a typical tax-withholding event tied to the equity awards (a common cashless mechanism where shares are retained/sold to cover taxes), not an open-market sale signaling a change in investment view.
- The awards include time-based vesting (one-third annually starting 2027) and performance-based RSUs; future ownership depends on meeting vesting and performance conditions.