Director at HOME BANCORP (HBCP) receives 100-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WASHINGTON DONALD W reported acquisition or exercise transactions in this Form 4 filing.
HOME BANCORP, INC. director Donald W. Washington received a grant of 100 shares of common stock on a no-cost basis, recorded as a restricted stock unit award under the company’s 2021 Incentive Plan. These units vest in 20% annual installments starting on June 12, 2027. After this compensation grant, his directly held common stock position stands at 7,649.954 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WASHINGTON DONALD W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,649.954 shares (Direct, null)
Footnotes (1)
- Includes the grant of 100 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on June 12, 2027 and that may be settled only in shares of the Issuer's common stock. Includes dividend reinvestment shares as a result of prior election to reinvest dividends. Includes the grant of 500 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on May 12, 2027 and that may be settled only in shares of the Issuer's common stock. Includes the grant of 600 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on May 12, 2023 and that may be settled only in shares of the Issuer's common stock. Includes the grant of 600 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on May 12, 2024 and that may be settled only in shares of the Issuer's common stock. Includes the grant of 600 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on May 12, 2025 and that may be settled only in shares of the Issuer's common stock. Includes the grant of 700 restricted stock units pursuant to the Issuer's 2021 Incentive Plan that vest in equal installments at the rate of 20% per year commencing on May 12, 2026 and that may be settled only in shares of the Issuer's common stock.
Key Figures
Director grant size: 100 shares
Grant price: $0.0000 per share
Post-transaction holdings: 7,649.954 shares
+2 more
5 metrics
Director grant size
100 shares
Restricted stock unit award on June 12, 2026
Grant price
$0.0000 per share
Reported grant price for the RSU award
Post-transaction holdings
7,649.954 shares
Common stock held directly after the grant
Vesting rate
20% per year
Annual vesting schedule for the 100 RSUs
Vesting start date
June 12, 2027
First vesting date for new RSU grant
Key Terms
restricted stock units, 2021 Incentive Plan, dividend reinvestment shares
3 terms
restricted stock units financial
"Includes the grant of 100 restricted stock units pursuant to the Issuer's 2021 Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Incentive Plan financial
"Includes the grant of 100 restricted stock units pursuant to the Issuer's 2021 Incentive Plan"
FAQ
What insider transaction did HOME BANCORP (HBCP) report for Donald W. Washington?
HOME BANCORP reported that director Donald W. Washington received 100 shares of common stock as a grant under the 2021 Incentive Plan. This is a compensation-related award, not an open-market purchase or sale, and increases his directly held share position.
When do Donald W. Washington’s new HOME BANCORP restricted stock units vest?
The 100 restricted stock units vest in equal 20% installments beginning June 12, 2027. This means the award is spread over multiple years, aligning director compensation with longer-term company performance and ongoing board service at HOME BANCORP.
What plan governs the restricted stock units granted to the HOME BANCORP director?
The restricted stock units were granted under HOME BANCORP’s 2021 Incentive Plan. This plan provides equity-based compensation, with the awarded units vesting over time and settled only in shares of the company’s common stock upon vesting.