HBT Financial (HBT) CEO granted RSUs and withholds shares for taxes

Rhea-AI Filing Summary

HBT Financial, Inc. director and President and CEO James Lance Carter reported equity compensation and related tax-withholding transactions in common stock. He received 5,322 restricted stock units under the HBT Financial, Inc. Omnibus Incentive Plan, vesting 33% on February 28, 2027, 33% on February 29, 2028, and 34% on February 28, 2029. He also acquired 6,182 shares of common stock upon settlement of a performance restricted stock unit award granted on February 28, 2023. To cover tax obligations on vested restricted stock units and performance restricted stock units, 1,664 shares and 1,811 shares, respectively, were disposed of at a price of $26.96 per share. Following these transactions, his directly held common stock position was reported as 147,074 shares.

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^*

CARTER JAMES LANCE

(Last) (First) (Middle)

C/O HBT FINANCIAL, INC.

401 N. HERSHEY ROAD

(Street)

BLOOMINGTON IL 61704

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HBT Financial, Inc. [ HBT ]

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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

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

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

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, $0.01 par value(1)	02/28/2026		A		5,322	A	$0	144,367	D
Common Stock, $0.01 par value	02/28/2026		F		1,664(2)	D	$26.96	142,703	D
Common Stock, $0.01 par value(3)	02/28/2026		A		6,182	A	$0	148,885	D
Common Stock, $0.01 par value	02/28/2026		F		1,811(4)	D	$26.96	147,074	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. The reporting person received 5,322 restricted stock units ("RSUs") under the HBT Financial, Inc. Omnibus Incentive Plan. The RSUs vest in three annual installments, with 33% vesting on February 28, 2027, 33% vesting on February 29, 2028, and 34% vesting on February 28, 2029.

2. Represents shares withheld to satisfy the tax obligation on vested restricted stock units.

3. Shares of common stock acquired upon settlement of performance restricted stock unit award granted to the reporting person on February 28, 2023.

4. Represents shares withheld to satisfy the tax obligation on vested performance restricted stock units.

Remarks:

	/s/ Renee K. Fehr, Attorney-in-Fact	03/03/2026
	** 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.

FAQ

What equity awards did HBT (HBT) CEO James Lance Carter receive?

James Lance Carter received 5,322 restricted stock units under the HBT Financial, Inc. Omnibus Incentive Plan. These awards represent stock-based compensation that vests over time, aligning his interests with shareholders through future ownership in HBT Financial common stock.

How do the new HBT (HBT) RSUs for the CEO vest over time?

The 5,322 restricted stock units vest in three annual installments: 33% on February 28, 2027, 33% on February 29, 2028, and 34% on February 28, 2029. This staggered schedule encourages long-term retention and performance alignment for the CEO.

What is the source of the 6,182 HBT (HBT) shares acquired by the CEO?

The 6,182 shares of common stock were acquired upon settlement of a performance restricted stock unit award granted on February 28, 2023. This reflects prior performance-based compensation now delivered in HBT Financial common shares to the reporting person.

Why did the HBT (HBT) CEO dispose of shares in this Form 4 filing?

The filing shows dispositions of 1,664 and 1,811 shares, both labeled as tax-withholding transactions. These shares were withheld at $26.96 per share to satisfy tax obligations on vested restricted stock units and performance restricted stock units, rather than open-market selling.

What is James Lance Carter’s reported HBT (HBT) share ownership after these transactions?

After the reported grants, settlements, and tax-withholding dispositions, James Lance Carter directly held 147,074 shares of HBT Financial common stock. This figure reflects his updated ownership position following all Form 4 transactions on February 28, 2026.

Does this HBT (HBT) Form 4 indicate open-market buying or selling by the CEO?

The transactions are characterized as grant or award acquisitions and tax-withholding dispositions, not open-market buys or sells. Shares were received through RSU and performance RSU awards, with a portion withheld at $26.96 per share solely to cover tax liabilities.