HILLS BANCORPORATION (HBIA) CEO acquires stock through employees purchase plan

Rhea-AI Filing Summary

HILLS BANCORPORATION President and CEO Lisa A. Shileny reported an acquisition of company stock through an employee plan. On July 2, 2026, she received 57.1501 shares of Common Stock at $39.37 per share under the company’s employees stock purchase plan.

After this grant-type acquisition, her direct holdings increased to 18,668.2063 shares of HILLS BANCORPORATION common stock. This transaction is classified as a grant or award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shileny Lisa A

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	57.15	$39.37	$2K

Holdings After Transaction: Common Stock — 18,668.206 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 57.1501 shares Transaction price: $39.37 per share Total holdings after: 18,668.2063 shares +1 more

4 metrics

Shares acquired 57.1501 shares Grant under employees stock purchase plan on July 2, 2026

Transaction price $39.37 per share Value used for the July 2, 2026 acquisition

Total holdings after 18,668.2063 shares Direct Common Stock holdings following the transaction

Transaction code A (grant/award acquisition) Indicates a grant or other acquisition, not open-market buying

Key Terms

employees stock purchase plan, Grant, award, or other acquisition, Common Stock

3 terms

employees stock purchase plan financial

"Shares acquired under the Company's employees stock purchase plan on 7/2/2026"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 02:55 PM Accepted by SEC EDGAR 07/06/2026 - 02:55 PM Learn about SEC filing dates

FAQ

What insider transaction did HILLS BANCORPORATION (HBIA) report for Lisa A. Shileny?

HILLS BANCORPORATION reported that President and CEO Lisa A. Shileny acquired 57.1501 shares of Common Stock. The shares were received as a grant under the company’s employees stock purchase plan on July 2, 2026, rather than through an open-market purchase.

At what price were Lisa A. Shileny’s new HBIA shares acquired?

The newly acquired 57.1501 shares were priced at $39.37 per share. This price applies to the transaction recorded under the company’s employees stock purchase plan on July 2, 2026, and reflects the value used for reporting this grant-type acquisition.

How many HILLS BANCORPORATION shares does Lisa A. Shileny hold after this transaction?

After the July 2, 2026 acquisition, Lisa A. Shileny directly holds 18,668.2063 shares of HILLS BANCORPORATION Common Stock. This total includes the 57.1501 shares granted under the employees stock purchase plan reported in this Form 4 filing.

What does the transaction code "A" mean in the HBIA Form 4 filing?

The transaction code “A” represents a grant, award, or other acquisition of securities. In this case, it indicates that Lisa A. Shileny received shares as part of compensation or an employee program, not via an open-market buy or sell transaction.

Was Lisa A. Shileny’s HBIA transaction an open-market purchase?

No, the transaction was not an open-market purchase. The Form 4 and its footnote state the shares were acquired under the company’s employees stock purchase plan, classifying it as a grant or award-type acquisition rather than a market trade.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shileny Lisa A

(Last) (First) (Middle)

C/O HILLS BANCORPORATION

131 E. MAIN ST., PO BOX 160

(Street)

HILLS IOWA 52235

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HILLS BANCORPORATION [ HBIA.PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	07/02/2026		A		57.1501	A	$39.37	18,668.2063	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired under the Company's employees stock purchase plan on 7/2/2026

Remarks:

	/s/ Lisa A. Shileny by James C. Wacker	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)