Hercules Capital (NYSE: HTGC) director receives 3,873-share restricted stock award
Rhea-AI Filing Summary
BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas received a grant of 3,873 shares of common stock as restricted stock. The award was issued automatically upon his re-election to the board under the 2026 Non-Employee Director Plan at a reference price of $15.49 per share.
Following the grant, Badavas holds 8,943 shares directly and 122,073 shares indirectly through the Robert P. Badavas Trust of 2007. The restricted stock is subject to forfeiture, with one-third scheduled to vest on each anniversary of the grant over three years, reflecting routine equity-based director compensation rather than an open-market purchase.
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- None.
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Insider Trade Summary
Net Buyer: 3,873 shares
Net Buy
2 txns
Insider
BADAVAS ROBERT P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,873 | $15.49 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,943 shares (Direct);
Common Stock — 122,073 shares (Indirect, By Trust)
Footnotes (2)
- F1. Held by the Robert P. Badavas Trust of 2007
- F2. Restricted Stock issued as an automatic grant upon re-election to the board of directors pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions. One-third vests on the anniversary of the grant over three years.
Key Figures
Restricted stock grant: 3,873 shares
Grant reference price: $15.49 per share
Direct holdings after grant: 8,943 shares
+2 more
5 metrics
Restricted stock grant
3,873 shares
Automatic grant upon re-election to board
Grant reference price
$15.49 per share
Restricted stock issued under 2026 Non-Employee Director Plan
Direct holdings after grant
8,943 shares
Common stock held directly by Robert P. Badavas
Indirect trust holdings
122,073 shares
Held by the Robert P. Badavas Trust of 2007
Vesting schedule
One-third annually over 3 years
Restricted stock vesting on each grant anniversary
Key Terms
Restricted Stock, 2026 Non-Employee Director Plan, subject to forfeiture restrictions, Trust
4 terms
Restricted Stock financial
"Restricted Stock issued as an automatic grant upon re-election to the board of directors"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2026 Non-Employee Director Plan financial
"pursuant to the 2026 Non-Employee Director Plan and subject to forfeiture restrictions"
subject to forfeiture restrictions financial
"Restricted Stock issued as an automatic grant ... and subject to forfeiture restrictions"
Trust financial
"Held by the Robert P. Badavas Trust of 2007"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What insider transaction did Hercules Capital (HTGC) disclose for Robert P. Badavas?
Hercules Capital disclosed that director Robert P. Badavas received a grant of 3,873 restricted shares of common stock. This was an automatic equity award tied to his re-election to the board, structured as compensation rather than an open-market stock purchase.
What are the terms of the restricted stock grant to the Hercules Capital (HTGC) director?
The director’s 3,873-share restricted stock grant was issued under the 2026 Non-Employee Director Plan and is subject to forfeiture. One-third of the shares vests on each anniversary of the grant date over three years, aligning equity compensation with continued board service.
How was the indirect ownership in Hercules Capital (HTGC) reported for Robert P. Badavas?
The filing shows 122,073 Hercules Capital shares held indirectly by the Robert P. Badavas Trust of 2007. This indicates trust-held ownership, separate from his 8,943 directly held shares, clarifying that a substantial portion of his reported holdings is through a trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
