Hawthorn Bancshares (HWBK) director awarded 500 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FREEMAN PHILIP D reported acquisition or exercise transactions in this Form 4 filing.
Hawthorn Bancshares director Philip D. Freeman reported an equity award and updated holdings. He received 500 shares of Common Stock as a grant under the Hawthorn Bancshares, Inc. Equity Incentive Plan, represented by unvested restricted stock units that can be settled only in Common Stock.
The RSUs will fully vest on June 2, 2027, if he continues to serve through that date. After this grant, Freeman holds 500 shares directly and 98,683.79 shares indirectly through a trust, reflecting both his new award and existing indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FREEMAN PHILIP D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 500 shares (Direct, null);
Common Stock — 98,683.79 shares (Indirect, Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 500 shares
Grant price per share: $0.00 per share
Vesting date: June 2, 2027
+4 more
7 metrics
RSU grant size
500 shares
Restricted stock units granted as Common Stock award
Grant price per share
$0.00 per share
Equity Incentive Plan award price
Vesting date
June 2, 2027
RSUs fully vest subject to continued service
Direct holdings after grant
500 shares
Total Common Stock directly owned post-transaction
Indirect trust holdings
98,683.79 shares
Common Stock held indirectly through a trust
Acquire transactions
1 transaction
Grant, award, or other acquisition recorded
Holding entries
1 entry
Indirect trust position reported as holding
Key Terms
restricted stock units, Equity Incentive Plan, indirect ownership, trust, +1 more
5 terms
restricted stock units financial
"Represents unvested restricted stock units ("RSUs") granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"RSUs granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan that can be settled only in shares of Common Stock"
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.
indirect ownership financial
"total_shares_following_transaction 98,683.7900 with ownership_type indirect and nature_of_ownership Trust"
trust financial
"direct_or_indirect I and nature_of_ownership Trust for the 98,683.79 shares of Common Stock"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition for the 500-share Common Stock transaction"
