First Guaranty (NASDAQ: FGBI) director adds 6.75% Series A preferred
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker reported purchasing 1,601 depository shares of the company’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock on 2026-08-14 in an open-market or private transaction at a weighted average price of $19.22 per depository share, bringing his directly held position in these depository shares to 1,601.
Each depository share represents a 1/40th interest in a preferred share with a $1,000 par value and $1,000 liquidation preference, equivalent to $25.00 per depository share. The trade was executed in multiple lots at prices ranging from $19.18 to $19.28, with the reported price reflecting a weighted average.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,601 shares
Net Buy
1 txn
Insider
WALKER ROBERT W
Role
Director
Bought
1,601 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | DEPOSITORY SHARES F1, F2 | 1,601 | $19.22 | $31K |
Holdings After Transaction:
DEPOSITORY SHARES — 1,601 shares (Direct)
Footnotes (2)
- 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).
- F2. This transaction was executed in multiple trades at prices ranging from $19.18 to $19.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Depository Shares Purchased: 1,601 depository shares
Weighted Average Purchase Price: $19.22 per depository share
Price Range of Trades: $19.18–$19.28 per depository share
+4 more
7 metrics
Depository Shares Purchased
1,601 depository shares
Non-derivative purchase by director on 2026-08-14
Weighted Average Purchase Price
$19.22 per depository share
Open-market or private purchase, multiple trades in narrow range
Price Range of Trades
$19.18–$19.28 per depository share
Individual trade prices underlying the weighted average
Interest per Depository Share
1/40th interest
Each depository share represents 1/40th of a preferred share
Preferred Share Liquidation Preference
$1,000 per preferred share
6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Liquidation Preference Equivalent
$25.00 per depository share
Based on $1,000 liquidation preference and 1/40th interest per depository share
Shares Held After Transaction
1,601 depository shares
Total directly owned non-derivative depository shares following the purchase
Key Terms
Depository Shares, Non-Cumulative Perpetual Preferred Stock, liquidation preference, weighted average
4 terms
Non-Cumulative Perpetual Preferred Stock financial
"6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock"
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.
weighted average financial
"The price reported above reflects the weighted average sale price"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
FAQ
What insider transaction did FGBI director Robert W. Walker report?
Robert W. Walker reported a purchase of 1,601 depository shares of First Guaranty Bancshares’ 6.75% Series A preferred stock on 2026-08-14. The transaction was an open-market or private purchase and increased his directly held position in these depository shares to 1,601.
What type of security did the FGBI insider purchase on 2026-08-14?
The insider purchased depository shares representing interests in First Guaranty Bancshares’ 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depository share equals a 1/40th interest in a preferred share with a $1,000 liquidation preference.
AI-generated analysis. How Rhea-AI works. Not financial advice.
