Home BancShares president exercises 20K options
HOME BANCSHARES INC President and CLO Kevin Hester reported several compensation-related equity changes.
Rhea-AI Filing Summary
HOME BANCSHARES INC President and CLO Kevin Hester reported several compensation-related equity changes. He exercised 20,000 stock options for Common Stock at $21.25 per share and received shares, while 15,637 Common Stock shares were withheld at $27.18 per share to cover tax obligations, which is not an open-market sale.
The filing notes that 10,000 shares of performance-based restricted stock vested since the last report, and he now directly holds 165,903 Common Stock shares. He also holds 105,000 shares of restricted Common Stock and a Performance Stock Option tied to 60,000 Common Stock shares at a $23.32 exercise price, expiring on July 19, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,000 shares exercised/converted
Exercise
6 txns
Insider
Hester Kevin
Role
President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | Common Stock | 1,628 | $0.00 | $0.00 |
| Exercise | Stock Option | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $21.25 | $425K |
| Exercise Price or Tax Liability | Common Stock | 15,637 | $27.18 | $425K |
| holding | Performance Stock Option | -- | -- | -- |
| holding | Common Stock - Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 165,903 shares (Direct);
Performance Stock Option — 60,000 contracts (Direct);
Common Stock - Restricted Stock — 105,000 shares (Direct)
Footnotes (5)
- F1. The reporting person had 10,000 shares of performance based restricted stock vest since the last filing.
- F2. Restricted Stock granted on May 13, 2024 will vest in 25% installments over four years beginning on the first anniversary of the award date.
- F3. Restricted Stock granted on January 16, 2026 will vest in 33 1/3% installments over three years beginning on the first anniversary of the award date.
- F4. The option is exercisable in five equal annual installments. The first installment became exercisable on April 21, 2017.
- F5. The Performance Stock Option awarded on July 19, 2018 is exercisable in five equal annual installments beginning on the first annual anniversary of the date that the performance goal is met. The performance goal was met on March 31, 2021. Therefore, the first installment became exercisable on March 31, 2022.
Key Figures
Options exercised: 20,000 shares
Exercise price: $21.25/share
Tax-withheld shares: 15,637 shares
+5 more
8 metrics
Options exercised
20,000 shares
Stock options for Common Stock exercised at $21.25 per share
Exercise price
$21.25/share
Exercise price for 20,000 Common Stock options
Tax-withheld shares
15,637 shares
Common Stock withheld at $27.18 per share for tax obligations
Common Stock holdings
165,903 shares
Direct Common Stock owned after latest reported transaction
Restricted stock holdings
105,000 shares
Direct restricted Common Stock reported as of this filing
Performance option underlying shares
60,000 shares
Underlying Common Stock for Performance Stock Option
Performance option exercise price
$23.32/share
Exercise price for Performance Stock Option expiring July 19, 2028
Estate-related transfer
1,628 shares
Common Stock acquired or disposed by will or laws of descent
Key Terms
tax-withholding disposition, Performance Stock Option, restricted stock, laws of descent and distribution
4 terms
tax-withholding disposition financial
"15,637 Common Stock shares were withheld at $27.18 per share to cover tax obligations, categorized as a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Performance Stock Option financial
"He also holds a Performance Stock Option tied to 60,000 Common Stock shares at a $23.32 exercise price, expiring on July 19, 2028"
restricted stock financial
"The reporting person had 10,000 shares of performance based restricted stock vest since the last filing"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
laws of descent and distribution financial
"Transaction code W reflects an acquisition or disposition by will or laws of descent and distribution affecting 1,628 Common Stock shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HOMB executive Kevin Hester report on this Form 4?
Kevin Hester reported exercising 20,000 stock options for Home BancShares Common Stock and a related tax-withholding disposition of 15,637 shares. The filing also records an estate-related transfer of 1,628 shares and updated holdings of restricted stock and performance stock options.
What stock options did HOMB’s Kevin Hester exercise and what remains outstanding?
Hester exercised 20,000 stock options for Common Stock at a $21.25 exercise price, converting them into shares. He still holds a Performance Stock Option with a $23.32 exercise price on 60,000 underlying shares that expires on July 19, 2028, providing additional future equity exposure.
What does the tax-withholding disposition mean in Kevin Hester’s HOMB Form 4?
The tax-withholding disposition reflects 15,637 Common Stock shares withheld at $27.18 per share to satisfy tax liabilities tied to the option exercise. This mechanism pays taxes using shares rather than cash and does not represent a voluntary open-market sale by the executive.
What restricted and performance-based awards does HOMB’s Kevin Hester report holding?
The filing notes 10,000 performance-based restricted shares vested since the last report. Hester now holds 105,000 shares of restricted Common Stock plus a Performance Stock Option for 60,000 underlying shares at a $23.32 exercise price, expiring July 19, 2028, aligning compensation with performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
