Rebekah M. Lowe
About Rebekah M. Lowe
Rebekah M. Lowe, 65, is an independent director of HomeTrust Bancshares (HTB) serving since 2020 and nominated for a new three‑year term expiring at the 2028 annual meeting . She is Chief Executive of Fizzywork Executive Coaching (since 2012) and previously spent 25 years at Wachovia Bank (now Wells Fargo), rising to Executive Vice President and Regional President roles with broad P&L and integration responsibility; she completed executive programs at Georgetown (Leadership Coaching), UNC-Chapel Hill, and Duke . As of March 20, 2025, she beneficially owned 4,196 HTB shares (0.02% of outstanding), aligning with the company’s director stock ownership guidelines policy framework .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fizzywork Executive Coaching | Chief Executive | 2012–Present | Executive coaching practice leadership |
| Wachovia Bank (now Wells Fargo) | Executive Vice President; Regional President (East FL, Western NC); prior roles in risk admin, retail, mortgage; M&A integrations manager | 1982–2007; EVP since 2002 | Overall responsibility for consumer, commercial, wealth, real estate, and dealer banking; managed integrations for three acquisitions |
| HomeTrust Bancshares/HomeTrust Bank | Advisory Director | Jan 10, 2020–Aug 31, 2020 | Preceded Board appointment Sept 1, 2020 |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| United Way (various) | Board/Executive committees | Not disclosed | Community leadership |
| Chambers of Commerce | Board/Executive committees | Not disclosed | Community leadership |
| YMCA of Western North Carolina | Board/Executive committees | Not disclosed | Community leadership |
| Sisters of Mercy of North Carolina Foundation | Board/Executive committees | Not disclosed | Community leadership |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent under NYSE standards |
| Years of service | Director since 2020; nominated for term ending 2028 |
| Committee assignments | Compensation & Human Capital Committee – Member ; Governance & Nominating Committee – Member ; Mergers & Acquisitions Committee – Member |
| Chair roles | None (Chairs: Compensation—Koontz; Governance—Williams; M&A—James) |
| Attendance | In FY2024, no incumbent director attended fewer than 75% of Board and applicable committee meetings |
| Board structure | Chair and CEO roles separated; Board reviews structure periodically |
| Board composition | Majority independent (10 of 11 at determination) |
| Say-on-Pay signal | 97% approval at May 2024 meeting |
Fixed Compensation
| Component (FY2024) | Amount |
|---|---|
| Fees Earned or Paid in Cash | $40,000 |
| All Other Compensation (dividends on unvested stock) | $374 |
| Total Cash/Other | $40,374 |
Director compensation policy framework:
- Standard annual cash retainer: $34,000; committee meeting fee $750 per meeting ≥30 minutes (effective Jan 1, 2025; one hour threshold in 2024); annual restricted stock targeted ≈$34,000 in 2024, rising to $40,000 effective June 1, 2025; incremental chair retainers adjusted in 2025 (Chair to $40,000; Audit Chair $12,000; Compensation Chair $9,000; Governance Chair $6,000; ALCO Chair $3,000; M&A Chair per‑meeting fee to $1,500) .
Performance Compensation
| Equity Grant (Directors) | Grant date | Instrument | Shares | Grant-date fair value | Vesting |
|---|---|---|---|---|---|
| Annual director equity | May 31, 2024 | Time‑based Restricted Stock | 1,624 | $44,839 | Vests in full May 31, 2025 |
- No performance metrics apply to director equity; awards are time‑based under the 2022 Omnibus Incentive Plan .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | Not disclosed in proxy for Ms. Lowe |
| Private/non‑profit boards | United Way; Chambers of Commerce; YMCA of Western North Carolina; Sisters of Mercy of North Carolina Foundation (various roles) |
| Interlocks with HTB competitors/suppliers/customers | None disclosed in proxy |
Expertise & Qualifications
- Career banker with executive leadership across consumer, commercial, wealth, mortgage, and dealer banking; extensive regional P&L responsibility and risk administration experience .
- M&A integration leadership for three acquisitions—aligned with her current service on HTB’s M&A Committee .
- Executive leadership development expertise via Fizzywork Executive Coaching and formal credentials from Georgetown, UNC, and Duke programs .
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership | 4,196 shares (0.02% of outstanding) as of Mar 20, 2025 |
| Unvested restricted stock | 1,624 shares as of Dec 31, 2024 |
| Stock options | None listed for Ms. Lowe in outstanding options footnote |
| Ownership guidelines | Non‑employee directors must hold 5x annual Board retainer; all directors either satisfied or progressing as of Dec 31, 2024 |
| Hedging/pledging | Prohibited for directors and officers |
Governance Assessment
- Positives:
- Independent director with multi‑committee roles (Compensation & Human Capital; Governance & Nominating; M&A), supporting board effectiveness and oversight depth .
- Attendance and engagement satisfactory; no incumbent director fell below 75% in FY2024 .
- Ownership alignment supported by annual equity grants and strict stock ownership guidelines; hedging and pledging prohibited .
- Shareholder support for compensation governance strong (97% Say‑on‑Pay in 2024) .
- Watch items:
- Absolute ownership is modest (4,196 shares, 0.02%); however, company discloses directors are meeting or progressing toward guideline thresholds .
- Director equity target increased for 2025 ($40,000), modestly raising guaranteed value of director equity—monitor mix vs. meeting fees to ensure alignment with workload and risk oversight .
- RED FLAGS:
- None disclosed for Ms. Lowe regarding related‑party transactions, pledging, or attendance shortfalls .