Texas Capital director buys 25,500 preferred shares
Texas Capital Bancshares director Robert W. Stallings reported open-market purchases of the company’s preferred stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Texas Capital Bancshares director Robert W. Stallings reported open-market purchases of the company’s preferred stock. On March 5, he bought 20,000 Depositary Shares for Series B Preferred Stock at $22.69 per share. On March 6, he bought an additional 5,500 depositary shares at $22.80 per share.
After these trades, he directly holds 175,087 depositary shares. He also reports indirect ownership of 360,913 depositary shares and 90,039 common shares through SCG Ventures LP, and 60,000 depositary shares through The Stallings Foundation, plus 293,291 common shares held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares for Series B Preferred Stock | 5,500 | $22.80 | $125K |
| Purchase | Depositary Shares for Series B Preferred Stock | 20,000 | $22.69 | $454K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
Footnotes (5)
- F1. Each Depositary Share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $.01 per share.
- F2. The stated price represents the average based on prices ranging from $22.5621 to $22.8798. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
- F3. The stated price represents the average based on prices ranging from $22.75 to $22.8009. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
- F4. SCG Ventures LP is owned by the RWS Investment Trust (49.5%), the LES Investment Trust (49.5%) and Stallings Management LLC (1%), its general partner. Stallings Management LLC is owned by Mr. and Mrs. Stallings (100%).
- F5. The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Robert W. Stallings report for TCBI?
What indirect holdings in TCBI securities are reported for Robert W. Stallings?
AI-generated analysis. How Rhea-AI works. Not financial advice.