Texas Capital Bancshares (TCBI) CFO converts RSUs, withholds shares for tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Texas Capital Bancshares Chief Financial Officer John Matthew Scurlock reported equity award activity involving company stock. On February 13, 2026, he exercised 1,819 2024 restricted stock units at an exercise price of $0, receiving the same number of common shares. In a related move the same day, 716 common shares were withheld and disposed of at $103.42 per share to cover tax obligations. Following these transactions, Scurlock directly owned 22,235 shares of common stock. The filing notes that the restricted stock units vest in three equal annual installments beginning February 16, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,819 shares exercised/converted
Mixed
3 txns
Insider
Scurlock John Matthew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Units | 1,819 | $0.00 | -- |
| Exercise | Common Stock | 1,819 | $0.00 | -- |
| Tax Withholding | Common Stock | 716 | $103.42 | $74K |
Holdings After Transaction:
2024 Restricted Stock Units — 1,820 shares (Direct);
Common Stock — 22,951 shares (Direct)
Footnotes (1)
- N/A The restricted stock units vest in three equal annual installments beginning February 16, 2025.
FAQ
What insider transaction did TCBI’s CFO report on February 13, 2026?
TCBI’s CFO, John Matthew Scurlock, exercised 1,819 restricted stock units into common shares at an exercise price of $0. The transaction reflects equity compensation vesting rather than an open-market stock purchase, as part of his 2024 restricted stock unit award.
What are the terms of the CFO’s 2024 restricted stock units at TCBI?
The 2024 restricted stock units vest in three equal annual installments beginning February 16, 2025. As they vest, units can be converted into common shares, as seen with the 1,819 units exercised at an exercise price of $0 in this Form 4.
What do the transaction codes M and F mean in the TCBI Form 4?
Code M indicates an exercise or conversion of a derivative security, here 1,819 restricted stock units into common stock at $0. Code F indicates shares disposed of to pay tax liabilities, in this case 716 common shares at $103.42 per share.