Director at Texas Capital (TCBI) awarded 1,092 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Texas Capital Bancshares director Mark W. Midkiff received a grant of 1,092 restricted stock units tied to common stock. The award was made as a derivative security labeled “2026 Restricted Stock Units” at a stated price of $0.00 per unit.
Following the grant, Midkiff directly holds 1,092 restricted stock units, each representing one share of common stock. The units have an exercise date of April 28, 2027, indicating when they are scheduled to convert into common shares, subject to applicable vesting or plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Midkiff Mark W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 1,092 | $0.00 | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 1,092 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,092 units
Grant price per RSU: $0.00 per unit
RSUs after transaction: 1,092 units
+2 more
5 metrics
RSUs granted
1,092 units
2026 Restricted Stock Units grant on April 28, 2026
Grant price per RSU
$0.00 per unit
Stated grant price for 2026 Restricted Stock Units
RSUs after transaction
1,092 units
Total restricted stock units held directly after grant
Underlying common shares
1,092 shares
Common stock underlying the 2026 RSU award
Exercise date
April 28, 2027
Scheduled exercise/conversion date for the RSUs
Key Terms
Restricted Stock Units, grant/award acquisition, derivative security, Common Stock
4 terms
Restricted Stock Units financial
"security_title: "2026 Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
derivative security financial
"transaction_type: "derivative""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did TCBI director Mark W. Midkiff report?
Mark W. Midkiff reported receiving a grant of 1,092 restricted stock units. These 2026 RSUs are tied to Texas Capital Bancshares common stock and were granted at a stated price of $0.00 per unit, reflecting a compensation-related equity award rather than an open-market purchase.
What is the exercise or conversion date for the 2026 RSUs at TCBI?
The 2026 restricted stock units have an exercise date of April 28, 2027. On or after this date, and subject to plan conditions, the 1,092 RSUs are scheduled to convert into shares of Texas Capital Bancshares common stock, turning the award into actual share ownership.
Did the TCBI director pay cash for the 1,092 restricted stock units?
No cash was paid for this award; the RSUs were granted at a price of $0.00 per unit. This indicates the transaction is equity compensation from Texas Capital Bancshares, not an open-market purchase, and is classified as a grant or award acquisition on the Form 4.
How many TCBI restricted stock units does Mark W. Midkiff hold after this grant?
After the reported transaction, Mark W. Midkiff directly holds 1,092 restricted stock units. All of these units come from this single grant and are tied to Texas Capital Bancshares common stock, forming his reported derivative equity position in the company after the award.