Hills Bancorporation SVP acquires ESPP shares

HILLS BANCORPORATION senior vice president Brian R. Globokar acquired additional common stock through an employee stock purchase plan.

Accepted by SEC EDGAR 07/06/2026 - 02:52 PM EDT

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Form Type

Rhea-AI Filing Summary

HILLS BANCORPORATION senior vice president Brian R. Globokar acquired additional common stock through an employee stock purchase plan. On July 2, 2026 he received 57.1501 shares of common stock at a price of $39.37 per share. Following this routine compensation-related grant, he directly owns a total of 7,607.2097 common shares.

Insider Trade Summary

Grant/Award: 57.1501 shares

Grant/Award 1 txn

Insider Globokar Brian R.

Role SVP, Dr of Trust & Wealth Mgmt

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	57.1501	$39.37	$2K

Holdings After Transaction: Common Stock — 7,607.2097 shares (Direct)

Footnotes (1)

F1. Shares acquired under the Company's employee stock purchase plan on 7/2/2026

Key Figures

Shares acquired: 57.1501 shares Acquisition price: $39.37 per share Total holdings after transaction: 7,607.2097 shares +1 more

4 metrics

Shares acquired 57.1501 shares Common Stock grant on July 2, 2026

Acquisition price $39.37 per share Price for ESPP shares on July 2, 2026

Total holdings after transaction 7,607.2097 shares Direct ownership following July 2, 2026 grant

Net buy/sell shares 0 shares Net open-market buy/sell activity in this filing

Key Terms

employee stock purchase plan, Common Stock, grant/award acquisition, Form 4

4 terms

employee stock purchase plan financial

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

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

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.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did HBIA executive Brian R. Globokar report?

Brian R. Globokar reported acquiring 57.1501 shares of HILLS BANCORPORATION common stock. The shares were received on July 2, 2026 through the company’s employee stock purchase plan, reflecting a routine, compensation-related increase in his direct ownership position.

At what price were Brian R. Globokar’s new HBIA shares acquired?

The newly acquired HILLS BANCORPORATION shares were priced at $39.37 per share. This price applies to the 57.1501 common shares received under the company’s employee stock purchase plan on July 2, 2026, as disclosed in the insider transaction data.

How many HBIA shares does Brian R. Globokar own after this transaction?

After the July 2, 2026 acquisition, Brian R. Globokar directly owns 7,607.2097 HILLS BANCORPORATION common shares. This total includes the 57.1501 shares received through the employee stock purchase plan and represents his reported post-transaction holding.

Was Brian R. Globokar’s HBIA transaction an open-market stock purchase?

The transaction was not an open-market stock purchase. Instead, Brian R. Globokar acquired 57.1501 HILLS BANCORPORATION common shares through the company’s employee stock purchase plan, which is a compensation-related program for eligible employees.

What role does Brian R. Globokar hold at HILLS BANCORPORATION (HBIA)?

Brian R. Globokar serves as Senior Vice President and Director of Trust & Wealth Management at HILLS BANCORPORATION. His reported share acquisition through the employee stock purchase plan reflects additional equity compensation tied to his executive role.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Globokar Brian R.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Dr of Trust & Wealth Mgmt

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	07/02/2026		A		57.1501	A	$39.37	7,607.2097	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

Remarks:

	/s/ Brian R. Globokar 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)

Source: View Original Filing on SEC EDGAR