SplitApr 24, 2026, 03:31 PM
Hills Bancorporation Announces 2-for-1 Stock Split
AI Summary
Hills Bancorporation's Board of Directors has approved a two-for-one (2-for-1) stock split of its common stock. Shareholders of record as of June 1, 2026, will receive one additional share for each share held, with distribution on June 8, 2026. The company's authorized shares will double from 20 million to 40 million, and all outstanding equity awards will be proportionally adjusted. The company believes this action reflects confidence in its growth and will benefit shareholders by lowering the per-share price.
Key Highlights
- Board approved a two-for-one (2-for-1) stock split.
- Shareholders of record on June 1, 2026, will receive one additional share.
- Additional shares will be distributed on June 8, 2026.
- Authorized shares will increase from 20,000,000 to 40,000,000.
- Equity awards will be proportionally adjusted, doubling shares and halving exercise prices.