15. Stock-Based Compensation

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During the six months ended June 30, 2026 and 2025, Hilltop granted 1,504 and 6,456 shares of common stock, respectively, pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan (the “2020 Equity Plan”) to certain non-employee members of the Company’s board of directors for services rendered to the Company.

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Restricted Stock Units

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The following table summarizes information about stock-based incentive awards issued pursuant to the 2020 Equity Plan and nonvested restricted stock unit (“RSU”) activity for the six months ended June 30, 2026 (shares in thousands).

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Vested/Released RSUs include an aggregate of 68,148 shares withheld to satisfy employee statutory tax obligations during the six months ended June 30, 2026.

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During the six months ended June 30, 2026, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 331,385 RSUs pursuant to the 2020 Equity Plan. Of the RSUs granted during the six months ended June 30, 2026, 242,960 that were outstanding at June 30, 2026, are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date. Of the RSUs granted during the six months ended June 30, 2026, 84,325 that were outstanding at June 30, 2026, provide for cliff vesting based upon the achievement of certain performance goals over a three-year period.

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At June 30, 2026, in the aggregate, 827,819 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 282,171 outstanding RSUs cliff vest based upon the achievement of certain performance goals over a three-year period. At June 30, 2026, unrecognized compensation expense related to outstanding RSUs of $21.8 million is expected to be recognized over a weighted average period of 1.56 years.