HomeTrust Bancshares, Inc.HTB
HomeTrust Bancshares, Inc. Stock Compensation Disclosure
Equity Incentive Plan
The Company historically provided stock-based awards through the 2013 Omnibus Incentive Plan, which provided for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors. On November 14, 2022, at the Company's annual meeting, stockholders approved the 2022 Omnibus Incentive Plan which provides for the same types of awards as described under the 2013 Omnibus Incentive Plan. Going forward, any future grants will be made under this plan.
The cost of equity-based awards under the 2022 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 1,000,000. Shares of common stock issued under the plan will be issued out of authorized but unissued shares, some or all of which may be repurchased shares.
The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:
| Year Ended December 31, | Six Months Ended December 31, 2023 | Year Ended June 30, 2023 | |||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||
| Share-based compensation expense | $ | 2,173 | $ | 1,816 | $ | 755 | $ | 1,854 | |||||||||||||||
| Tax benefit | 511 | 427 | 177 | 436 | |||||||||||||||||||
The table below presents stock option activity and related information for the periods indicated below:
| Options | Weighted- Average Exercise Price | Remaining Contractual Life (Years) | Aggregate Intrinsic Value | ||||||||||||||||||||
| Options outstanding at June 30, 2023 | 569,224 | $ | 25.69 | 5.1 | $ | 141 | |||||||||||||||||
| Exercised | (9,500) | 15.96 | |||||||||||||||||||||
| Forfeited | (25,374) | 26.00 | |||||||||||||||||||||
| Options outstanding at December 31, 2023 | 534,350 | $ | 25.85 | 4.6 | $ | 776 | |||||||||||||||||
| Exercisable at December 31, 2023 | 459,390 | $ | 25.56 | 4.2 | $ | 681 | |||||||||||||||||
| Non-vested at December 31, 2023 | 74,960 | $ | 27.58 | 7.4 | $ | 95 | |||||||||||||||||
| Options outstanding at December 31, 2023 | 534,350 | $ | 25.85 | 4.6 | $ | 776 | |||||||||||||||||
| Exercised | (97,113) | 25.09 | |||||||||||||||||||||
| Forfeited | (23,600) | 25.94 | |||||||||||||||||||||
| Options outstanding at December 31, 2024 | 413,637 | $ | 26.02 | 3.8 | $ | 3,169 | |||||||||||||||||
| Exercisable at December 31, 2024 | 364,667 | $ | 25.78 | 3.4 | $ | 2,880 | |||||||||||||||||
| Non-vested at December 31, 2024 | 48,970 | $ | 27.77 | 6.7 | $ | 289 | |||||||||||||||||
| Options outstanding at December 31, 2024 | 413,637 | $ | 26.02 | 3.8 | $ | 3,169 | |||||||||||||||||
| Exercised | (57,440) | 24.97 | |||||||||||||||||||||
| Forfeited | (1,400) | 26.72 | |||||||||||||||||||||
| Options outstanding at December 31, 2025 | 354,797 | $ | 26.19 | 2.8 | $ | 5,945 | |||||||||||||||||
| Exercisable at December 31, 2025 | 329,417 | $ | 26.02 | 2.5 | $ | 5,575 | |||||||||||||||||
| Non-vested at December 31, 2025 | 25,380 | $ | 28.37 | 5.9 | $ | 370 | |||||||||||||||||
There were no options granted during the years ended December 31, 2025 or 2024 or six months ended December 31, 2023.
At December 31, 2025, the Company had $93 of unrecognized compensation expense related to 25,380 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 0.5 years at December 31, 2025. At December 31, 2024, the Company had $223 of unrecognized compensation expense related to 48,970 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 0.8 years at December 31, 2024.
The table below presents restricted stock award activity and related information:
Restricted Stock Awards(1) | Performance-Based Restricted Stock Units(2) | Weighted- Average Grant Date Fair Value | Aggregate Intrinsic Value | ||||||||||||||||||||
| Non-vested at June 30, 2023 | 108,851 | 37,330 | $ | 27.32 | 1 | $ | 3,054 | ||||||||||||||||
| Granted | 1,000 | 6,165 | 22.91 | — | |||||||||||||||||||
| Vested | (1,148) | (18,494) | 23.18 | — | |||||||||||||||||||
| Forfeited | (2,560) | — | 27.53 | — | |||||||||||||||||||
| Non-vested at December 31, 2023 | 106,143 | 25,001 | $ | 27.70 | $ | 3,530 | |||||||||||||||||
| Granted | 73,502 | 17,690 | 26.96 | — | |||||||||||||||||||
| Vested | (36,639) | (10,683) | 28.26 | — | |||||||||||||||||||
| Forfeited | (4,424) | (2,007) | 27.37 | — | |||||||||||||||||||
| Non-vested at December 31, 2024 | 138,582 | 30,001 | $ | 27.15 | $ | 5,678 | |||||||||||||||||
| Granted | 60,329 | 15,444 | 37.40 | — | |||||||||||||||||||
| Vested | (50,326) | (9,996) | 27.24 | — | |||||||||||||||||||
| Forfeited | (3,621) | (4,108) | 27.19 | — | |||||||||||||||||||
| Non-vested at December 31, 2025 | 144,964 | 31,341 | $ | 31.52 | $ | 7,571 | |||||||||||||||||
(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.
(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.
At December 31, 2025, unrecognized compensation expense was $3,865 related to 176,305 shares of restricted stock. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.5 years at December 31, 2025. At December 31, 2024, unrecognized compensation expense was $3,051 related to 168,583 shares of restricted stock. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.4 years at December 31, 2024.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Sep 11, 2023 | |
| 2022 | Sep 12, 2022 | |
| 2021 | Sep 10, 2021 | |
| 2020 | Sep 11, 2020 | |
| 2019 | Sep 13, 2019 | |
| 2018 | Sep 13, 2018 | |
| 2017 | Sep 12, 2017 | |
| 2016 | Sep 13, 2016 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.