Heritage Commerce (HTBK) CEO exercises options and receives 49,543 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERITAGE COMMERCE CORP President and CEO Jones Robertson Clay Jr reported multiple equity compensation moves on 03/05/2026. He exercised employee stock options for 33,009 and 16,390 shares of common stock at a price of 10.7400 per share.
He also received a grant of 49,543 restricted stock units, each representing one share of common stock, which will vest in three equal annual installments starting on 03/05/2027 and continuing on 03/05/2028 and 03/05/2029. To cover option exercise costs and related tax withholding, 14,962 and 28,522 shares of common stock were surrendered at 12.4300 per share in tax-withholding dispositions.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,399 shares exercised/converted
Mixed
13 txns
Insider
Jones Robertson Clay JR
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 33,009 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 16,390 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 49,543 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 16,390 | $10.74 | $176K |
| Exercise | Common Stock, No Par Value | 33,009 | $10.74 | $355K |
| Tax Withholding | Common Stock, No Par Value | 14,962 | $12.43 | $186K |
| Tax Withholding | Common Stock, No Par Value | 28,522 | $12.43 | $355K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
| holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance-Based Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Restricted Stock Unit — 49,543 shares (Direct);
Common Stock, No Par Value — 282,397 shares (Direct);
Performance-Based Restricted Stock Unit — 39,635 shares (Direct)
Footnotes (1)
- Net exercise of nonqualified stock options, 14,962 shares have been surrendered in satisfaction of the option exercise price and related taxes withholding. Net exercise of incentive stock options. 28,522 shares have been surrendered in satisfaction of the option exercise price. 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 on 03/05/2027, the first anniversary of the holder's grant date. The second tranche will vest on 03/05/2028. The remaining RSUs will vest on 3/5/2029.
FAQ
What insider transactions did HTBK's CEO report on March 5, 2026?
On 03/05/2026, HTBK President and CEO Jones Robertson Clay Jr exercised stock options for 33,009 and 16,390 common shares. He also reported related share surrenders for tax and exercise costs and received a new restricted stock unit award.
How many restricted stock units did the HTBK CEO receive in this Form 4?
The CEO received a grant of 49,543 restricted stock units on 03/05/2026. Each unit represents the right to receive one share of Heritage Commerce common stock, subject to the vesting schedule disclosed in the filing.
What is the vesting schedule for the new HTBK restricted stock units?
The 49,543 restricted stock units vest in three equal annual installments. Vesting starts on 03/05/2027, the first anniversary of the grant date, with additional tranches vesting on 03/05/2028 and 03/05/2029, provided standard conditions are met.