Fred L. Drake - Feb 28, 2023 Form 4 Insider Report for HBT Financial, Inc. (HBT)

Role
CHAIRMAN AND CEO, Director, 10%+ Owner
Signature
/s/ Renee K. Fehr, Attorney-in-Fact for Fred L. Drake
Stock symbol
HBT
Transactions as of
Feb 28, 2023
Transactions value $
-$13,473
Form type
4
Date filed
3/2/2023, 03:07 PM
Previous filing
Mar 1, 2022
Next filing
Mar 4, 2024

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 +5.22K +20.42% $0.00 30.8K Feb 28, 2023 Direct F1
transaction HBT Common Stock, $0.01 par value Tax liability -$13.5K -593 -1.93% $22.72 30.2K Feb 28, 2023 Direct F2
holding HBT Common Stock, $0.01 par value 93.7K Feb 28, 2023 By the Fred L. Drake Revocable Trust
holding HBT Common Stock, $0.01 par value 17.2M Feb 28, 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received 5,220 restricted stock units ("RSUs") under the HBT Financial, Inc. Omnibus Incentive Plan. The RSUs vest in three annual installments, with 33% vesting on February 29, 2024, 33% vesting on February 28, 2025, and 34% vesting on February 28, 2026.
F2 Represents shares withheld to satisfy the tax obligation on vested restricted stock units.
F3 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.