Director Olinde of Hancock Whitney (HWC) receives 1,187-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANCOCK WHITNEY CORP director Thomas H. Olinde received a restricted stock award of 1,187 shares of Common Stock, valued at $67.41 per share. This was a grant under the company’s 2020 Long Term Incentive Plan and is compensation, not an open-market purchase.
The restricted stock has a one-year vesting period, and the shares are to be deferred upon vesting. After this award, Olinde directly holds a total of 46,052.7034 shares, which includes shares previously acquired through the company’s Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Olinde Thomas H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,187 | $67.41 | $80K |
Holdings After Transaction:
Common Stock — 46,052.703 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 stock award: 1,187 shares
Grant valuation price: $67.41 per share
Total shares after transaction: 46,052.7034 shares
+1 more
4 metrics
Restricted stock award
1,187 shares
Grant of Common Stock to director Thomas H. Olinde
Grant valuation price
$67.41 per share
Value used for the restricted stock award
Total shares after transaction
46,052.7034 shares
Direct holdings of Thomas H. Olinde following the award
Vesting period
One year
Restricted Stock Award under 2020 Long Term Incentive Plan
Key Terms
Restricted Stock Award, 2020 Long Term Incentive Plan, Dividend Reinvestment Plan, grant/award acquisition
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What insider transaction did HANCOCK WHITNEY (HWC) report for Thomas H. Olinde?
HANCOCK WHITNEY reported that director Thomas H. Olinde received a restricted stock award of 1,187 Common Stock shares. The grant is compensation under the 2020 Long Term Incentive Plan, not an open-market stock purchase, and reflects equity-based director compensation.
At what price was the HWC restricted stock award to Thomas H. Olinde valued?
The restricted stock award to Thomas H. Olinde was valued at $67.41 per share. This price is used to record the grant’s value for reporting purposes, even though the transaction is a grant rather than an open-market purchase of HANCOCK WHITNEY shares.
What are the vesting terms of Thomas H. Olinde’s HWC restricted stock award?
The restricted stock award to Thomas H. Olinde under HANCOCK WHITNEY’s 2020 Long Term Incentive Plan has a one-year vesting period. The filing also notes that the shares will be deferred upon vesting, delaying delivery according to plan terms.
Is Thomas H. Olinde’s Form 4 transaction in HWC a market buy or a compensation grant?
Thomas H. Olinde’s Form 4 transaction is a grant/award acquisition, coded “A,” not a market buy. It reflects restricted stock awarded as director compensation under the 2020 Long Term Incentive Plan, rather than shares purchased on the open market.