Nelson Kenza Bemis 4

What Happened

• Nelson Kenza Bemis, SVP and General Counsel of HILLS BANCORPORATION (HBIA.PK), acquired 50.406 shares at $39.37 per share, a total value of approximately $1,984. The Form 4 reports the transaction date as 2026-07-02; a footnote indicates the shares were acquired under the company's employee stock purchase plan on 2026-07-01. This was an acquisition (award/purchase) rather than a sale.

Key Details

• Transaction date reported: 2026-07-02 (footnote: shares acquired under ESPP on 2026-07-01)
• Price per share: $39.37
• Shares acquired: 50.406
• Total value: ≈ $1,984
• Shares owned after transaction: Not disclosed in the filing
• Filing date: 2026-07-06 (no late-filing flag indicated in the provided filing)
• Footnote: F1 — Shares acquired under the Company's employee stock purchase plan on 7/1/2026

Context

• These shares were purchased through the company’s employee stock purchase plan (ESPP), a routine method for employees to acquire equity (often via payroll deductions or periodic purchases). ESPP purchases are common and may be less informative about trading intent than open-market buys by insiders, though they still increase insider ownership.