Fred L. Drake - Feb 28, 2025 Form 4 Insider Report for HBT Financial, Inc. (HBT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Renee K. Fehr, Attorney-in-Fact for Fred L. Drake
Stock symbol
HBT
Transactions as of
Feb 28, 2025
Transactions value $
-$112,150
Form type
4
Date filed
3/4/2025, 04:11 PM
Previous filing
Feb 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HBT Common Stock, $0.01 par value Award $0 +2.8K +6.09% $0.00 48.8K Feb 28, 2025 Direct F1
transaction HBT Common Stock, $0.01 par value Tax liability -$44.9K -1.79K -3.68% $25.00 47K Feb 28, 2025 Direct F2
transaction HBT Common Stock, $0.01 par value Award $0 +9.2K +19.58% $0.00 56.2K Feb 28, 2025 Direct F3
transaction HBT Common Stock, $0.01 par value Tax liability -$67.3K -2.69K -4.79% $25.00 53.5K Feb 28, 2025 Direct F4
holding HBT Common Stock, $0.01 par value 20K Feb 28, 2025 By the Fred L. Drake Revocable Trust
holding HBT Common Stock, $0.01 par value 17.2M Feb 28, 2025 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received 2,800 restricted stock units ("RSUs") under the HBT Financial, Inc. Omnibus Incentive Plan. The RSUs vest in three annual installments, with 33% vesting on February 28, 2026, 33% vesting on February 28, 2027, and 34% vesting on February 29, 2028.
F2 Represents shares withheld to satisfy the tax obligation on vested restricted stock units.
F3 Shares of common stock acquired upon settlement of performance restricted stock unit award granted to the reporting person on February 25, 2022.
F4 Represents shares withheld to satisfy the tax obligation on vested performance restricted stock units.
F5 Consists of shares of common stock held by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016 (the "Voting Trust"). Mr. Drake is the trustee of the Voting Trust and exercises sole voting and investment control over the common stock held thereby. Mr. Drake may be deemed to be the beneficial owner of securities held by the Voting Trust to the extent that he or his immediate family members are beneficiaries of such trust. Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.