Hawthorn Bancshares (HWBK) director receives 500-share RSU equity award
Rhea-AI Filing Summary
Holtaway Jonathan reported acquisition or exercise transactions in this Form 4 filing.
Hawthorn Bancshares director Jonathan Holtaway received a grant of 500 shares of Common Stock as restricted stock units (RSUs). The RSUs were awarded at no cash cost to him and were granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan as equity compensation.
The RSUs will fully vest on June 2, 2027, provided he continues to serve through that date. After this filing, Holtaway holds 500 shares directly from this grant, while additional indirect holdings are reported through an IRA and the Ategra Community Financial Institution Fund, LP, where he notes his pecuniary interest is limited.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares
Net Buy
3 txns
Insider
Holtaway Jonathan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 500 shares (Direct);
Common Stock — 28,500 shares (Indirect, By IRA);
Common Stock — 342,390 shares (Indirect, By Ategra Community Financial Institution Fund, LP)
Footnotes (2)
- F1. Represents unvested restricted stock units ("RSUs") granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan that can be settled only in shares of Common Stock. The RSUs will fully vest on June 2, 2027, subject to the reporting person's continued service through the vesting date.
- F2. The reporting person serves as an owner and managing member of the general partner of Ategra Community Financial Institution Fund, LP (the "Fund"), as an owner, president and managing member of the registered investment advisor founded by the reporting person to manage the Fund, and as co-portfolio manager of the Fund. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 500 shares
RSU vesting date: June 2, 2027
Grant price: $0.00 per share
+3 more
6 metrics
RSU grant size
500 shares
Restricted stock units of Common Stock granted to director
RSU vesting date
June 2, 2027
Full vesting date subject to continued service
Grant price
$0.00 per share
Reported transaction price for RSU award
Indirect fund holdings
342,390 shares
Common Stock held by Ategra Community Financial Institution Fund, LP
Indirect IRA holdings
28,500 shares
Common Stock held indirectly through IRA
Direct shares after grant
500 shares
Direct Common Stock position from RSU grant
Key Terms
restricted stock units ("RSUs"), Equity Incentive Plan, pecuniary interest, indirect ownership
4 terms
restricted stock units ("RSUs") financial
"Represents unvested restricted stock units ("RSUs") granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Equity Incentive Plan financial
"RSUs granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan that can be settled only in shares"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
indirect ownership financial
"total_shares_following_transaction ... ownership_type": "indirect""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the significance of the Ategra Community Financial Institution Fund, LP in Holtaway’s HWBK holdings?
Ategra Community Financial Institution Fund, LP holds 342,390 Hawthorn Bancshares shares reported as indirect holdings. Holtaway serves in multiple roles related to the fund but disclaims full beneficial ownership, stating he is only deemed to own shares to the extent of his pecuniary interest.