HomeTrust CEO exercises options, sells 20K shares
HomeTrust Bancshares President and CEO Hunter Westbrook reported an exercise-and-sell transaction in company stock.
Rhea-AI Filing Summary
HomeTrust Bancshares President and CEO Hunter Westbrook reported an exercise-and-sell transaction in company stock. He exercised options to acquire 20,000 shares of common stock at $24.95 per share and on the same date sold 20,000 shares in open-market trades at a weighted average price of about $45.65, with individual sale prices ranging from $45.50 to $45.87.
After these transactions, Westbrook directly holds 105,828 common shares, plus 16,776 shares held indirectly through a KSOP. He also retains stock options covering 40,000 shares at $26.00 expiring in 2028 and 10,000 shares at $31.35 expiring in 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 20,000 shares ($414K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Westbrook Hunter
Role
President, CEO
Sold
20,000 shs ($913K)
Approx. gross sale proceeds
$913K
Approx. exercise cost
$499K
Approx. pre-tax spread
$414K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $24.95 | $499K |
| Sale | Common Stock | 20,000 | $45.6455 | $913K |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 50,000 contracts (Direct);
Common Stock — 105,828 shares (Direct);
Common Stock — 16,776 shares (Indirect, By KSOP)
Footnotes (3)
- F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $45.87, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. Represents stock option granted under Issuer's 2013 Omnibus Incentive Plan with the following vesting schedule: 20% increments on February 11, 2023, 2024, 2025, 2026 and 2027.
- F3. Represents stock option granted under Issuer's 2013 Omnibus Incentive Plan with the following vesting schedule: 20% increments on February 11, 2019, 2020, 2021, 2022 and 2023.
Key Figures
Shares sold: 20,000 shares
Average sale price: $45.6455 per share
Option exercise price: $24.95 per share
+4 more
7 metrics
Shares sold
20,000 shares
Open-market sale of common stock
Average sale price
$45.6455 per share
Weighted average for 20,000 shares sold
Option exercise price
$24.95 per share
Exercise to acquire 20,000 common shares
Direct shares after transactions
105,828 shares
Common stock held directly post-transaction
Indirect KSOP holdings
16,776 shares
Common stock held indirectly via KSOP
Options at $26.00
40,000 underlying shares
Stock options expiring in 2028
Options at $31.35
10,000 underlying shares
Stock options expiring in 2032
Key Terms
KSOP, Stock Option, weighted average price, 2013 Omnibus Incentive Plan
4 terms
KSOP financial
"shares held indirectly "By KSOP""
Stock Option financial
"security_title: "Stock Option" with underlying Common Stock"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
2013 Omnibus Incentive Plan financial
"Represents stock option granted under Issuer's 2013 Omnibus Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HomeTrust (HTB) CEO Hunter Westbrook report in this Form 4?
He reported an exercise-and-sell transaction involving HomeTrust stock. Westbrook exercised options for 20,000 shares at $24.95 and sold 20,000 shares in open-market trades around $45.65, updating his direct, indirect, and option holdings in the process.
What stock options in HomeTrust (HTB) does the CEO still own after exercising some?
He retains options on 40,000 HomeTrust shares at a $26.00 exercise price expiring in 2028. He also holds options on 10,000 shares at a $31.35 exercise price expiring in 2032, both granted under the company’s 2013 Omnibus Incentive Plan.
Was the HomeTrust (HTB) CEO’s sale tied to a derivative exercise?
Yes. The Form 4 shows he exercised options to acquire 20,000 HomeTrust shares at $24.95, then sold 20,000 shares the same day. This pattern reflects an option exercise followed by an open-market sale of an equivalent number of shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
