Nelson Kenza Bemis, the Senior Vice President and General Counsel of Hills Bancorporation, has acquired 42 shares of the company's common stock. This transaction occurred on October 2, 2026, at a price of $40.50 per share. This move is significant as it demonstrates a commitment to employee stock ownership and engagement within the company.
Hills Bancorporation operates in the state commercial banking sector, which is characterized by a focus on providing financial services to local communities. The company is headquartered in Hills, Iowa, and is listed under the ticker symbol HBIA.PK.
According to the recent SEC filing (accession number 0002112414-26-000007), Bemis's stock acquisition was made under the company’s employee stock purchase plan. Following this transaction, Bemis now holds a total of 6,775.4144 shares of common stock in Hills Bancorporation.
This acquisition may influence other employees and stakeholders within the banking industry, as it highlights the importance of employee participation in ownership. Such actions can foster a sense of investment and loyalty among staff, potentially leading to enhanced performance and commitment.
Details were not available in the SEC filing regarding any future actions or upcoming events related to this transaction.
Details of the Transaction
The acquisition of shares by Bemis was executed under the company’s employee stock purchase plan, which is designed to encourage employee investment in the company. The transaction was classified as a non-derivative transaction, indicating that it involved direct ownership of the shares acquired.
Reporting and Compliance
This filing, designated as Form 4, was submitted in accordance with the SEC regulations under the 1934 Act. It provides transparency regarding insider transactions, ensuring compliance with federal securities laws. The filing was accepted on October 6, 2026, shortly after the transaction date.
Ownership Structure
Following this transaction, Bemis holds a total of 6,775.4144 shares of common stock, reflecting a direct ownership structure. The filing indicates that Bemis is an officer of the company, serving as the Senior Vice President and General Counsel, but does not classify him as a director or a ten percent owner.
This acquisition reinforces the alignment of interests between employees and shareholders, a key factor in fostering a collaborative corporate culture.