Director at Hawthorn Bancshares (HWBK) receives 500 restricted stock units

Rhea-AI Filing Summary

Burcham James Grant reported acquisition or exercise transactions in this Form 4 filing.

HAWTHORN BANCSHARES, INC. director James Grant Burcham reported an award of 500 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash cost to him and are part of the company’s Equity Incentive Plan. The units will fully vest on June 2, 2027, provided he continues in service until that date, and his direct holdings reported in this filing total 500 shares tied to this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burcham James Grant

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	500	$0.00	--

Holdings After Transaction: Common Stock — 500 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 500 shares Grant price: $0.00 per share Shares after transaction: 500 shares +1 more

4 metrics

RSU grant size 500 shares Restricted stock units granted to director on June 2, 2026

Grant price $0.00 per share Stock-based compensation, not an open-market purchase

Shares after transaction 500 shares Total direct position reported following RSU grant

Vesting date June 2, 2027 RSUs vest if service continues through this date

Key Terms

restricted stock units, Equity Incentive Plan, vest, Common Stock

4 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

"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.

vest financial

"The RSUs will fully vest on June 2, 2027, subject to the reporting person's continued service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Common Stock financial

"can be settled only in shares of Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Burcham James Grant

(Last) (First) (Middle)

132 EAST HIGH STREET

PO BOX 688

(Street)

JEFFERSON CITY MISSOURI 65102-0688

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HAWTHORN BANCSHARES, INC. [ HWBK ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/02/2026		A		500	A	$0	500(1)	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. 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.

Remarks:

	/s/ Arla R. Surls, Attorney-in-Fact for James Grant Burcham	06/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HWBK director James Grant Burcham report?

He reported receiving an award of 500 restricted stock units of HWBK Common Stock. The units were granted at no cash cost as part of the company’s Equity Incentive Plan, reflecting stock-based compensation rather than an open-market purchase.

Are the 500 HWBK shares reported by James Grant Burcham fully vested?

No, they are unvested restricted stock units that vest on June 2, 2027. Vesting is contingent on Burcham’s continued service through that date, meaning he does not receive the shares if this condition is not met.

What type of security did James Grant Burcham acquire in this HWBK Form 4?

He acquired restricted stock units that can only be settled in shares of HWBK Common Stock. These RSUs are granted under Hawthorn Bancshares, Inc.’s Equity Incentive Plan and represent a form of stock-based compensation tied to future vesting.

Does James Grant Burcham’s HWBK Form 4 reflect an open-market stock purchase?

No, the filing reflects a grant of 500 restricted stock units at a price of $0.00 per share. This indicates a compensation-related award under the Equity Incentive Plan, not a discretionary open-market purchase of HWBK shares.

When will James Grant Burcham’s HWBK restricted stock units vest?

The restricted stock units will fully vest on June 2, 2027, according to the filing. Vesting is subject to his continued service with Hawthorn Bancshares, Inc. through that vesting date as described in the footnote to the transaction.