HomeTrust sets 2026 executive incentive targets

HomeTrust Bancshares, Inc. updated its executive incentive compensation for the year ending December 31, 2026 under its Senior Leadership Incentive Plan.

Accepted by SEC EDGAR 02/11/2026 - 04:36 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

HomeTrust Bancshares, Inc. updated its executive incentive compensation for the year ending December 31, 2026 under its Senior Leadership Incentive Plan. The Compensation and Human Capital Committee set target bonuses as a percentage of base salary: 50% for President and CEO C. Hunter Westbrook, and 40% for each of the other listed executive vice presidents.

For Mr. Westbrook, Mr. VunCannon and Ms. Pelletier, incentive payouts will be based entirely on adjusted pretax, pre-provision income, with a 100% weighting. For Ms. Powell and Mr. Sprink, incentives will depend equally on adjusted pretax, pre-provision income and division profitability, each with a 50% weighting.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

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

What executive incentive targets did HomeTrust Bancshares (HTB) set for 2026?

HomeTrust Bancshares set 2026 incentive targets as a percentage of annual base salary. The CEO, C. Hunter Westbrook, has a 50% target, while four executive vice presidents each have a 40% target, all under the Senior Leadership Incentive Plan.

Which performance measures determine 2026 executive bonuses at HomeTrust Bancshares (HTB)?

2026 executive bonuses are tied to adjusted pretax, pre-provision income and, for some leaders, division profitability. Three executives’ incentives are 100% based on adjusted pretax, pre-provision income, while two executives have that metric and division profitability split evenly at 50% each.

How is the CEO’s 2026 incentive plan structured at HomeTrust Bancshares (HTB)?

The CEO, C. Hunter Westbrook, has a 2026 target incentive equal to 50% of annual base salary. His bonus opportunity is fully based on a single metric: adjusted pretax, pre-provision income, which carries a 100% weighting in his incentive calculation.

How are Powell and Sprink’s incentives structured in the HomeTrust (HTB) 2026 plan?

For Kristin Y. Powell and John F. Sprink II, 2026 incentives are split between two metrics. Adjusted pretax, pre-provision income carries a 50% weighting, while division profitability carries the remaining 50%, balancing overall company performance with their division results.

Which executives are covered by the 2026 Senior Leadership Incentive Plan at HTB?

The 2026 plan covers CEO C. Hunter Westbrook and executive officers Tony J. VunCannon, Megan Pelletier, Kristin Y. Powell, and John F. Sprink II. Each was a named executive officer in the company’s most recent annual meeting proxy statement and now has defined incentive targets.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 9, 2026

HOMETRUST BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

 

Maryland

001-35593

45-5055422

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10 Woodfin Street, Asheville, North Carolina

28801

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (828) 259-3939

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, par value $0.01 per share			HTB			The New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 9, 2026, the Compensation and Human Capital Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the “Company”) approved, for the year ending December 31, 2026, targeted incentive award opportunities and performance measures and weightings under the Company’s Senior Leadership Incentive Plan (the “Plan”).

For the year ending December 31, 2026, the targeted incentive award opportunities for the following executive officers (each of whom was a named executive officer in the Company’s most recent annual meeting proxy statement) were established: C. Hunter Westbrook, President and Chief Executive Officer, 50% of annual base salary; Tony J. VunCannon, Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer, 40% of annual base salary; Megan Pelletier, Executive Vice President, Chief Operations and People Officer, 40% of annual base salary; Kristin Y. Powell, Executive Vice President and Consumer and Business Banking Group Executive, 40% of annual base salary; and John F. Sprink, II, Executive Vice President, Commercial Banking Group Executive, 40% of annual base salary. The Plan performance measures and weightings will be as follows for Mr. Westbrook, Mr. VunCannon and Ms. Pelletier: adjusted pretax, pre-provision income (100% weighting). The Plan performance measures and weightings will be as follows for Ms. Powell and Mr. Sprink: adjusted pretax, pre-provision income (50% weighting); and division profitability (50% weighting).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

									HOMETRUST BANCSHARES, INC.
Date: February 11, 2026						By:			/s/ Tony J. VunCannon
									Tony J. VunCannon
									Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer

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Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB