Heritage Commerce (NASDAQ: HTBK) EVP awarded 14,069 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERITAGE COMMERCE CORP reported that EVP/Chief Credit Officer Susan Svensson acquired 14,069 restricted stock units on March 5, 2026 as an equity award. Each restricted stock unit represents a right to receive one share of Heritage Commerce common stock.
The restricted stock units vest annually in three equal installments starting on March 5, 2027, with additional tranches vesting on March 5, 2028 and March 5, 2029. The filing also lists Svensson's existing holdings in performance-based restricted stock units, time-based restricted stock units, and common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Just Susan Svensson
Role
EVP/Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 14,069 | $0.00 | -- |
| holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock, No Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 14,069 shares (Direct);
Performance-Based Restricted Stock Unit — 12,458 shares (Direct);
Common Stock, No Par Value — 13,736 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a right to receive one share of Issuer common stock. The restricted stock units vest annually in three equal installments commencing March 5, 2027, the first anniversary of the holder's grant date. The second tranche will vest on 3/5/2028. The remaining RSUs will vest on 3/5/2029.
FAQ
What insider transaction did HTBK report for Susan Svensson on this Form 4?
Heritage Commerce Corp reported an equity grant to Susan Svensson. She received 14,069 restricted stock units on March 5, 2026, as an award, with no purchase price. The filing also updates her existing restricted stock unit and common stock holdings.
How many HTBK restricted stock units were granted to Susan Svensson?
Susan Svensson was granted 14,069 restricted stock units. These units were awarded on March 5, 2026, and each unit represents a right to receive one share of Heritage Commerce common stock, subject to the vesting schedule described in the filing footnotes.
What is the vesting schedule for Susan Svensson’s new HTBK restricted stock units?
The 14,069 restricted stock units vest in three equal annual installments. Vesting begins on March 5, 2027, the first anniversary of the grant date, with additional installments scheduled for March 5, 2028 and March 5, 2029, contingent on continued service and plan terms.
What does each HTBK restricted stock unit granted to Susan Svensson represent?
Each restricted stock unit represents one share of common stock. The filing states that every unit is a right to receive a share of Heritage Commerce Corp common stock upon vesting, aligning executive compensation with shareholder interests over the vesting period.
Does the HTBK Form 4 show any stock sales by Susan Svensson?
The Form 4 does not report any stock sales by Susan Svensson. It primarily records the grant of 14,069 restricted stock units and updates her post-transaction holdings in restricted stock units and common stock, with no sell transactions identified in the summarized data.
What positions and securities holdings does Susan Svensson have at HTBK?
Susan Svensson serves as EVP/Chief Credit Officer at Heritage Commerce. The Form 4 reports her newly granted 14,069 restricted stock units, along with existing performance-based restricted stock units, time-based restricted stock units, and directly held common stock positions following the reported transactions.