Hawthorn Bancshares Director Frank Burkhead Receives RSU Award

What Happened

• Frank E. Burkhead, a director of Hawthorn Bancshares, Inc. (HWBK), was granted 500 restricted stock units (RSUs) on 2026-06-02. The grant is reported as an award/acquisition at $0.00 per share (total reported value $0). This is an equity compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (within the typical 2-business-day reporting window).
• Transaction type/code: A (Award/Grant); 500 RSUs granted at $0.00.
• Vesting/settlement: RSUs will fully vest on June 2, 2027, subject to continued service, and may be settled only in shares of common stock (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing; Footnote F2 notes that the ownership total includes shares acquired via the company DRIP since the last report.
• No indication of a sale, exercise, or tax-withholding event in this filing.

Context

• RSUs are a form of restricted equity that convert to shares upon vesting; a grant is compensation rather than a market purchase and does not by itself signal buying or selling pressure. The award vests in one year if Burkhead remains in service, at which point the RSUs will be settled into common shares per the plan terms.