Director at Hancock Whitney (HWC) granted 1,187 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PICKERING CHRISTINE L reported acquisition or exercise transactions in this Form 4 filing.
HANCOCK WHITNEY CORP director Christine L. Pickering reported a compensation-related stock grant and updated holdings. She received a Restricted Stock Award of 1,187 common shares at $67.41 per share as a grant or award, not an open-market purchase.
The restricted shares were granted under the company’s 2020 Long Term Incentive Plan and have a one-year vesting period. After this grant, she directly owns 25,482.7219 common shares, and there are an additional 341.7400 shares held indirectly through her spouse’s IRA, which also reflects shares accumulated via the Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PICKERING CHRISTINE L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,187 | $67.41 | $80K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,482.722 shares (Direct, null);
Common Stock — 341.74 shares (Indirect, Spouse's Ira)
Footnotes (1)
- Restricted Stock Award granted in accordance with the Company's 2020 Long Term Incentive Plan. These awards have a one year vesting Includes shares acquired through the Dividend Reinvestment Plan since the reporting person's last Form 4 filing.
Key Figures
Restricted stock grant: 1,187 shares
Grant price: $67.41 per share
Direct holdings after grant: 25,482.7219 shares
+2 more
5 metrics
Restricted stock grant
1,187 shares
Grant or award acquisition of common stock
Grant price
$67.41 per share
Restricted Stock Award under 2020 Long Term Incentive Plan
Direct holdings after grant
25,482.7219 shares
Common stock directly owned following the transaction
Indirect holdings (spouse’s IRA)
341.7400 shares
Common stock held indirectly through spouse’s IRA
Vesting period
One year
Restricted Stock Award vesting term
Key Terms
Restricted Stock Award, 2020 Long Term Incentive Plan, Dividend Reinvestment Plan, Spouse's Ira
4 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.
Spouse's Ira financial
"Common Stock holding reported as indirect ownership through Spouse's Ira."
FAQ
What insider transaction did HWC director Christine L. Pickering report?
Christine L. Pickering reported receiving a restricted stock award of 1,187 Hancock Whitney common shares. This was a grant or award, not an open-market trade, and it forms part of her compensation under the company’s long-term incentive plan.
At what price was the Hancock Whitney (HWC) stock award granted?
The restricted stock award to Christine L. Pickering was valued at $67.41 per Hancock Whitney common share. This reflects the grant price used for the awarded 1,187 shares under the company’s 2020 Long Term Incentive Plan, as disclosed in the filing.
What is the vesting schedule for Christine L. Pickering’s restricted stock award at HWC?
The restricted stock award granted to Christine L. Pickering has a one-year vesting period. That means the 1,187 awarded shares will fully vest after one year, subject to the terms of Hancock Whitney’s 2020 Long Term Incentive Plan described in the disclosure.
Is Christine L. Pickering’s Form 4 transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. It is classified as a grant or award acquisition of 1,187 restricted shares under Hancock Whitney’s 2020 Long Term Incentive Plan, reflecting equity-based compensation rather than an open-market buy or sell.
What does the spouse’s IRA holding mean in Christine L. Pickering’s HWC filing?
The filing shows 341.7400 Hancock Whitney shares held indirectly through her spouse’s IRA. This indirect position includes shares accumulated via the Dividend Reinvestment Plan, indicating ownership associated with her household rather than a new open-market transaction by the director.