First Guaranty (FGBI) director buys 3,601 preferred depository shares
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker reported open‑market purchases of a total of 3,601 depository shares of the company’s preferred stock on August 18–19, 2026. The depository shares represent interests in FGBI’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock with a $1,000 liquidation preference per preferred share, equivalent to $25.00 per depository share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,601 shares
Net Buy
2 txns
Insider
WALKER ROBERT W
Role
Director
Bought
3,601 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | DEPOSITORY SHARES F1 | 3,593 | $19.12 | $69K |
| Purchase | DEPOSITORY SHARES F1 | 8 | $18.95 | $151.60 |
Holdings After Transaction:
DEPOSITORY SHARES — 5,202 shares (Direct)
Footnotes (1)
- F1. Each depository shares represents a 1/40th interest in a share of the issuer's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value $1,000 per share, with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depository Share).
Key Figures
Shares purchased on 2026-08-18: 8 depository shares
Shares purchased on 2026-08-19: 3,593 depository shares
Total shares purchased: 3,601 depository shares
+4 more
7 metrics
Shares purchased on 2026-08-18
8 depository shares
Open‑market purchase at $18.95 per share, reported as direct ownership
Shares purchased on 2026-08-19
3,593 depository shares
Open‑market purchase at $19.12 per share, reported as direct ownership
Total shares purchased
3,601 depository shares
Sum of Form 4 reported purchases on August 18–19, 2026
Interest represented per depository share
1/40th of a preferred share
Each depository share represents a 1/40th interest in a Series A preferred share
Preferred dividend rate
6.75%
Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Liquidation preference per preferred share
$1,000 per share
Series A preferred stock liquidation preference
Liquidation preference per depository share
$25.00 per Depository Share
Equivalence stated in the footnote to the Form 4
Key Terms
DEPOSITORY SHARES, 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, liquidation preference, Non-Cumulative, +1 more
5 terms
6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock financial
"represents a 1/40th interest in a share of the issuer's 6.75% Series A"
liquidation preference financial
"with a liquidation preference of $1,000 per share (equivalent to $25.00"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
Non-Cumulative financial
"6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
Perpetual Preferred Stock financial
"Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value"
A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.
FAQ
What insider transactions were reported in this Form 4 for FGBI?
Director Robert W. Walker reported buying 3,601 depository shares of First Guaranty Bancshares, Inc. in open‑market transactions on August 18–19, 2026, at per‑share prices of $18.95 and $19.12, respectively.
What exactly did the FGBI director purchase in this Form 4?
Robert W. Walker purchased DEPOSITORY SHARES, each representing a 1/40th interest in a share of First Guaranty Bancshares’ 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock with a $1,000 liquidation preference per preferred share, equivalent to $25.00 per depository share.
What were the trade dates and prices for the FGBI insider purchases?
On August 18, 2026, Robert W. Walker bought 8 depository shares at $18.95 per share. On August 19, 2026, he bought 3,593 depository shares at $19.12 per share, all reported as direct ownership.
Were the FGBI insider transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), indicating these reported purchases by director Robert W. Walker were not affirmatively stated to be made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
