HBT Financial (HBT) EVP gifts 4,118 shares to family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HBT Financial EVP & Chief Credit Officer Mark W. Scheirer reported a bona fide gift of 4,118 shares of common stock. The shares were transferred to a living trust where he and his spouse serve as trustees and are beneficiaries, so this is not a market sale. After the gift, he directly holds 3,199 shares and indirectly holds 28,390 shares through the MLNT Family Trust dated May 7, 2020.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,118 shares gifted
Mixed
2 txns
Insider
SCHEIRER MARK W
Role
EVP & Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.01 par value | 4,118 | $0.00 | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 3,199 shares (Direct, null);
Common Stock, $0.01 par value — 28,390 shares (Indirect, By MLNT Family Trust dated 5/7/2020)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 4,118 shares
Direct holdings after transaction: 3,199 shares
Indirect holdings (MLNT Family Trust): 28,390 shares
+1 more
4 metrics
Gifted shares
4,118 shares
Bona fide gift of common stock
Direct holdings after transaction
3,199 shares
Direct common stock held post-gift
Indirect holdings (MLNT Family Trust)
28,390 shares
Common stock held indirectly as of transaction date
Gift price per share
$0.00 per share
Reported value for bona fide gift
Key Terms
bona fide gift, living trust, indirect ownership
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
living trust financial
"transferred 4,118 shares of common stock to a living trust"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By MLNT Family Trust""
FAQ
What insider transaction did HBT (HBT) executive Mark W. Scheirer report?
Mark W. Scheirer reported a bona fide gift of 4,118 HBT Financial common shares. The transfer moved shares to a living trust where he and his spouse are trustees and beneficiaries, representing an internal estate-planning move rather than a market trade.
What are Mark W. Scheirer’s direct HBT (HBT) holdings after the reported gift?
Following the 4,118-share gift, Mark W. Scheirer directly holds 3,199 HBT Financial common shares. This post-transaction balance reflects his remaining direct ownership, separate from any indirect holdings held through trusts or other related entities disclosed in the filing.
What indirect HBT Financial (HBT) holdings does the filing show for the executive?
The filing shows indirect ownership of 28,390 HBT Financial common shares held by the MLNT Family Trust dated May 7, 2020. This trust position is reported as indirect ownership, distinct from his smaller direct share balance after the reported gift transaction.
Does the HBT (HBT) Form 4 gift involve a Rule 10b5-1 trading plan?
The disclosed transaction is a bona fide gift of 4,118 shares to a living trust, not an open-market trade. The provided footnote describes the trust relationship but does not reference any Rule 10b5-1 trading plan or pre-arranged trading arrangement for this transfer.
What does a bona fide gift transaction mean for HBT (HBT) investors?
A bona fide gift means shares were transferred without payment, typically for estate or family-planning reasons. For HBT investors, this indicates no sale into the market occurred, so the transaction does not directly signal views on the company’s share price.