First Guaranty director buys 1,380 depository shares
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. (FGBI) director Bruce McAnally reported a series of open-market purchases of the company’s Depository Shares between September 15 and September 17, 2026, totaling 1,380 Depository Shares at prices between $17.60 and $17.75 per share, all held indirectly through a trust and various IRA accounts.
Each Depository Share represents a 1/40th interest in First Guaranty’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. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,380 shares
Net Buy
5 txns
Insider
McAnally Bruce
Role
Director
Bought
1,380 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | DEPOSITORY SHARES F1, F2 | 500 | $17.60 | $9K |
| Purchase | DEPOSITORY SHARES F1, F2 | 20 | $17.60 | $352.00 |
| Purchase | DEPOSITORY SHARES F1 | 570 | $17.75 | $10K |
| Purchase | DEPOSITORY SHARES F1 | 165 | $17.72 | $3K |
| Purchase | DEPOSITORY SHARES F1 | 125 | $17.72 | $2K |
Holdings After Transaction:
DEPOSITORY SHARES — 570 shares (Indirect, By spouse's IRA);
DEPOSITORY SHARES — 165 shares (Indirect, By IRA);
DEPOSITORY SHARES — 125 shares (Indirect, By Roth IRA);
DEPOSITORY SHARES — 2,270 shares (Indirect, By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee)
Footnotes (2)
- F1. Each depository share 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).
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Total Depository Shares purchased: 1,380 Depository Shares
Purchase price per Depository Share: $17.60–$17.75 per share
Interest per Depository Share: 1/40th of a preferred share
+5 more
8 metrics
Total Depository Shares purchased
1,380 Depository Shares
Net open-market purchases by entities associated with Bruce McAnally from September 15–17, 2026
Purchase price per Depository Share
$17.60–$17.75 per share
Reported prices for the Form 4 open-market purchases in September 2026
Interest per Depository Share
1/40th of a preferred share
Each Depository Share represents a 1/40th interest in 6.75% Series A Preferred Stock
Liquidation preference per preferred share
$1,000 per preferred share
6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock linked to the Depository Shares
Liquidation preference per Depository Share
$25.00 per Depository Share
Equivalent liquidation preference based on 1/40th interest in a $1,000 preferred share
Spouse’s IRA Depository Shares after purchase
570 Depository Shares
Indirect holdings in spouse’s IRA reported after the September 15, 2026 purchase
IRA Depository Shares after purchase
165 Depository Shares
Indirect holdings in an IRA reported after the September 15, 2026 purchase
Roth IRA Depository Shares after purchase
125 Depository Shares
Indirect holdings in a Roth IRA reported after the September 15, 2026 purchase
Key Terms
Depository Shares, Non-Cumulative Perpetual Preferred Stock, liquidation preference, pecuniary interest, +1 more
5 terms
Non-Cumulative Perpetual Preferred Stock financial
"Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
liquidation preference financial
"with a liquidation preference of $1,000 per share"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Irrevocable Asset Trust financial
"By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FGBI director Bruce McAnally report in this Form 4?
He reported five open-market purchases of First Guaranty Bancshares (FGBI) Depository Shares from September 15–17, 2026, totaling 1,380 Depository Shares at prices between $17.60 and $17.75 per share, all held through indirect accounts.
Were these FGBI insider purchases made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote states that the trades were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
