HomeTrust (NASDAQ: HTB) director receives 867-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Switzer John reported acquisition or exercise transactions in this Form 4 filing.
HomeTrust Bancshares, Inc. director John Switzer received an award of 867 shares of restricted common stock at no cash cost to him. The award was granted under the company’s 2022 Omnibus Incentive Plan and is scheduled to vest 100% on May 31, 2027. Following this grant, Switzer directly holds 9,750 shares of HomeTrust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Switzer John
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 867 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,750 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock award: 867 shares
Price per share: $0.0000
Post-transaction holdings: 9,750 shares
+1 more
4 metrics
Restricted stock award
867 shares
Grant of common stock to director John Switzer
Price per share
$0.0000
Indicates no cash paid for the awarded shares
Post-transaction holdings
9,750 shares
Total common stock held directly after grant
Vesting date
May 31, 2027
100% vesting of restricted stock award
Key Terms
restricted stock award, 2022 Omnibus Incentive Plan, vesting schedule, Form 4
4 terms
restricted stock award financial
"Represents restricted stock award under Issuer's 2022 Omnibus Incentive Plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2022 Omnibus Incentive Plan financial
"restricted stock award under Issuer's 2022 Omnibus Incentive Plan"
vesting schedule financial
"with the following vesting schedule: 100% on May 31, 2027"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did HTB director John Switzer report?
John Switzer reported receiving 867 shares of restricted common stock. The shares were granted as a stock award, not purchased on the open market, and form part of his equity-based compensation from HomeTrust Bancshares, Inc.
What plan governs John Switzer’s restricted stock award in HTB?
The award is granted under HomeTrust Bancshares, Inc.’s 2022 Omnibus Incentive Plan. This plan provides for equity-based compensation, including restricted stock awards, with specified vesting conditions and schedules such as the May 31, 2027 full vesting date.