Heritage Commerce EVP exercises 12,554 RSUs, gains shares
Heritage Commerce Corp Executive Vice President and COO Thomas A. Sa exercised 12,554 Restricted Stock Units into the same number of common shares and received 503 additional shares as stock dividends tied to RSU vesting.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Heritage Commerce Corp Executive Vice President and COO Thomas A. Sa exercised 12,554 Restricted Stock Units into the same number of common shares and received 503 additional shares as stock dividends tied to RSU vesting. Following these transactions, he holds 33,057 common shares and 38,146 Restricted Stock Units directly.
Insider Trade Summary
12,554 shares exercised/converted
Exercise
3 txns
Insider
SA THOMAS A
Role
Executive Vice President / COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 12,554 | $0.00 | $0.00 |
| Grant/Award | Common Stock, No Par Value | 503 | $0.00 | $0.00 |
| Exercise | Common Stock, No Par Value | 12,554 | $0.00 | $0.00 |
| Holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
| Holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 38,146 contracts for 13,036 underlying shares (Direct);
Common Stock, No Par Value — 33,057 shares (Direct);
Performance-Based Restricted Stock Unit — 13,036 contracts (Direct)
Footnotes (2)
- F1. The reporting person acquired 503 shares of the Company's Common Stock as a result of the stock dividends payable to the reporting person upon the partial vesting of the Restricted Stock Units, or RSU's grant.
- F2. The RSUs vest annually in three equal installments commencing on November 18, 2025, the first anniversary of the holders' grant date, the second tranche will vest on November 18, 2026.The remaining RSUs will vest on November 18, 2027.
Key Figures
RSUs exercised: 12,554 units
Stock dividend shares acquired: 503 shares
Common shares held: 33,057 shares
+3 more
6 metrics
RSUs exercised
12,554 units
Restricted Stock Units converted to common stock on November 18, 2025
Stock dividend shares acquired
503 shares
Common shares received as stock dividends upon partial vesting of RSUs
Common shares held
33,057 shares
Direct common stock holdings after the reported transactions
Restricted Stock Units held
38,146 units
Direct RSU holdings after the reported transactions
Performance-based RSU underlying shares
13,036 shares
Underlying common shares for performance-based RSUs expiring March 10, 2028
RSU underlying shares
13,036 shares
Underlying common shares for RSUs expiring March 10, 2028
Key Terms
Restricted Stock Unit, Performance-Based Restricted Stock Unit, stock dividends, partial vesting
4 terms
Restricted Stock Unit financial
"The reporting person acquired 503 shares ... Restricted Stock Units grant."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance-Based Restricted Stock Unit financial
"Performance-Based Restricted Stock Unit referencing 13,036 underlying common shares."
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
stock dividends financial
"Acquired 503 shares of Common Stock as a result of the stock dividends payable."
partial vesting financial
"Stock dividends payable upon the partial vesting of the Restricted Stock Units."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HTBK's Thomas A. Sa report on November 18, 2025?
Thomas A. Sa exercised 12,554 Restricted Stock Units into common stock and received 503 additional shares as stock dividends related to RSU vesting. After these transactions, he directly holds 33,057 common shares and 38,146 RSUs in Heritage Commerce Corp.
What Restricted Stock Unit activity did HTBK report for Thomas A. Sa?
Thomas A. Sa exercised 12,554 Restricted Stock Units, converting them into an equal number of Heritage Commerce Corp common shares at a $0.00 exercise price. He continues to hold 38,146 RSUs directly, including performance-based awards with future vesting dates.
How many performance-based Restricted Stock Units tied to HTBK common stock remain for Thomas A. Sa?
Thomas A. Sa has performance-based Restricted Stock Units referencing 13,036 underlying common shares, with an expiration date of March 10, 2028. These units are held directly and represent potential future delivery of Heritage Commerce Corp common stock subject to performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
