[Form 4] HILLTOP HOLDINGS INC. Insider Trading Activity

Rhea-AI Filing Summary

Director Tracy Allan Bolt filed a Form 4 disclosing the automatic acquisition of 957 Hilltop Holdings (HTH) common shares on 07/24/2025. The shares were granted under the company’s 2020 Equity Incentive Plan as annual compensation for board service and are valued at $31.36 each, the closing price on 07/23/2025. After the transaction, Bolt directly owns 55,682 HTH shares. No derivative securities were involved, and no shares were sold or transferred.

The award is routine director compensation rather than open-market insider buying, but it incrementally increases equity alignment between the director and shareholders.

Insights

Securities Analyst

TL;DR: Routine equity award; negligible ownership change; neutral impact.

The 957-share grant raises Bolt’s stake only 1.8%. Because the award is pre-determined board compensation, it provides limited signaling value about management’s outlook. The transaction does not materially alter insider ownership or float and should not influence valuation or liquidity.

Corporate Governance Expert

TL;DR: Standard pay practice; modest alignment benefit; governance status quo.

Equity-based director fees are common and promote long-term orientation. The filing confirms Hilltop continues to compensate directors largely in stock, which aligns interests but remains routine. No red flags or exceptional incentives are evident.

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).

1. Name and Address of Reporting Person^*

Bolt Tracy Allan

(Last) (First) (Middle)

6565 HILLCREST AVENUE

(Street)

DALLAS TX 75205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hilltop Holdings Inc. [ HTH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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	07/24/2025		A		957(1)	A	$31.36(2)	55,682	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. Shares acquired pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan as annual compensation for services rendered as a director for the prior year.

2. Price per share calculated using the closing price per share on July 23, 2025, the day prior to the Company's annual stockholders' meeting.

Remarks:

	/s/ Tracy Allan Bolt	07/28/2025
	** 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

How many Hilltop Holdings (HTH) shares did Tracy Allan Bolt acquire?

The director received 957 common shares on 07/24/2025.

What was the price used for the share grant to Tracy Allan Bolt?

The award is valued at $31.36 per share, equal to the 07/23/2025 closing price.

What is Tracy Allan Bolt’s total HTH share ownership after the transaction?

Bolt now directly holds 55,682 shares of Hilltop Holdings.

Was any insider selling reported in this Form 4 filing?

No. There were no dispositions; only an acquisition of shares as compensation.

Does this Form 4 suggest bullish insider activity for HTH?

The filing shows a routine compensation grant; it is generally viewed as neutral rather than a bullish signal.