Hancock Whitney (HWC) director receives 1,187-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teofilo Joan Cahill reported acquisition or exercise transactions in this Form 4 filing.
HANCOCK WHITNEY CORP director Teofilo Joan Cahill received a restricted stock award of 1,187 shares of Common Stock at a reference price of $67.41 per share. The award was granted under the company’s 2020 Long Term Incentive Plan and has a one-year vesting period.
Upon vesting, the shares are to be deferred rather than delivered immediately. After this grant and prior dividend reinvestment activity, Cahill directly holds a total of 20,267.9678 shares of Hancock Whitney common stock, reflecting ongoing equity-based compensation and participation in the Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Teofilo Joan Cahill
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,187 | $67.41 | $80K |
Holdings After Transaction:
Common Stock — 20,267.968 shares (Direct, null)
Footnotes (1)
- Restricted Stock Award granted in accordance with the Company's 2020 Long Term Incentive Plan. These awards have a one year vesting Shares to be deferred upon vesting Includes shares acquired through the Dividend Reinvestment Plan since the reporting person's last Form 4 filing.
Key Figures
Restricted shares granted: 1,187 shares
Grant reference price: $67.41 per share
Total shares after grant: 20,267.9678 shares
3 metrics
Restricted shares granted
1,187 shares
Restricted Stock Award under 2020 Long Term Incentive Plan
Grant reference price
$67.41 per share
Price per share for the 1,187-share award
Total shares after grant
20,267.9678 shares
Direct holdings following reported transaction
Key Terms
Restricted Stock Award, 2020 Long Term Incentive Plan, Dividend Reinvestment Plan
3 terms
Restricted Stock Award financial
"Restricted Stock Award granted in accordance with the Company's 2020 Long Term 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.
2020 Long Term Incentive Plan financial
"Restricted Stock Award granted in accordance with the Company's 2020 Long Term Incentive Plan."
Dividend Reinvestment Plan financial
"Includes shares acquired through the Dividend Reinvestment Plan since the reporting person's last Form 4 filing."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
FAQ
What insider transaction did HANCOCK WHITNEY (HWC) director Teofilo Joan Cahill report?
Director Teofilo Joan Cahill reported receiving a grant of 1,187 shares of Hancock Whitney common stock. The award is a restricted stock grant made as part of the company’s 2020 Long Term Incentive Plan, reflecting equity-based compensation rather than an open-market purchase.
Was the HWC Form 4 transaction a stock purchase or an equity grant?
The Form 4 shows an equity grant, not an open-market stock purchase. Cahill received 1,187 restricted shares coded as an “A” transaction, described as a grant or award under Hancock Whitney’s 2020 Long Term Incentive Plan, with vesting and deferral conditions attached.
What are the key terms of Teofilo Joan Cahill’s restricted stock award at HANCOCK WHITNEY (HWC)?
The restricted stock award covers 1,187 Hancock Whitney common shares at a reference price of $67.41. It was granted under the 2020 Long Term Incentive Plan, carries a one-year vesting period, and the shares are to be deferred upon vesting rather than delivered immediately in standard share form.
What is the significance of the Dividend Reinvestment Plan mention in HWC’s Form 4 footnotes?
The footnote explains that Cahill’s reported holdings include shares acquired through the Dividend Reinvestment Plan. This means cash dividends on existing Hancock Whitney shares were automatically used to purchase additional shares, incrementally increasing his ownership over time without separate open-market purchase transactions.
How long until Teofilo Joan Cahill’s HWC restricted stock award vests?
The filing states the restricted stock award has a one-year vesting period. That means Cahill must remain eligible under the plan for one year before the 1,187 granted shares vest, at which point they will be deferred according to the plan’s deferral terms rather than immediately settled.