First Guaranty director buys 8,500 shares
A First Guaranty Bancshares director reported open-market purchases of common and preferred-linked depository shares, increasing his direct holdings in both securities.
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker purchased additional securities on September 10, 2026. He bought 2,500 depository shares at $18.18 per share, bringing his direct holdings in those depository shares to 7,702. Each depository share represents a 1/40th interest in the company’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).
On the same date, he also purchased 6,000 shares of common stock at $7.88 per share, increasing his directly held common stock to 62,621 shares. The filing states these were purchases in open-market or private transactions and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,500 shares
Net Buy
2 txns
Insider
WALKER ROBERT W
Role
Director
Bought
8,500 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | DEPOSITORY SHARES F1 | 2,500 | $18.18 | $45K |
| Purchase | COMMON STOCK | 6,000 | $7.88 | $47K |
Holdings After Transaction:
DEPOSITORY SHARES — 7,702 shares (Direct);
COMMON STOCK — 62,621 shares (Direct)
Footnotes (1)
- 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).
Key Figures
Depository shares purchased: 2,500 depository shares
Price per depository share: $18.18 per depository share
Depository shares held after transaction: 7,702 depository shares
+5 more
8 metrics
Depository shares purchased
2,500 depository shares
Purchase on September 10, 2026
Price per depository share
$18.18 per depository share
Purchase on September 10, 2026
Depository shares held after transaction
7,702 depository shares
Direct ownership after September 10, 2026 purchase
Liquidation preference per preferred share
$1,000 per preferred share
6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Economic equivalent per depository share
$25.00 per depository share
Based on 1/40th interest in $1,000 liquidation preference
Common shares purchased
6,000 common shares
Purchase on September 10, 2026
Price per common share
$7.88 per common share
Purchase on September 10, 2026
Common shares held after transaction
62,621 common shares
Direct ownership after September 10, 2026 purchase
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"
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"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FGBI director Robert W. Walker report on September 10, 2026?
He reported buying 2,500 depository shares at $18.18 each and 6,000 common shares at $7.88 each on September 10, 2026, in open-market or private transactions, increasing his direct holdings in both securities.
What is the director’s total common stock holding in FGBI after the Form 4 transactions?
Following the purchase of 6,000 common shares at $7.88 per share, Robert W. Walker directly holds 62,621 shares of FGBI common stock, as reported in the Form 4 filing.
Were the FGBI insider purchases made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the document-level Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
