Texas Capital Bancshares (TCBI) director buys Series B preferred depositary shares
Rhea-AI Filing Summary
Texas Capital Bancshares director Robert W. Stallings reported open-market purchases of the company’s Depositary Shares for Series B Preferred Stock. On March 3, 2026, he bought 30,000 depositary shares at an average price of $22.11 per share. On March 4, 2026, he bought another 15,000 depositary shares at an average price of $22.51 per share.
Each Depositary Share represents a 1/40th interest in a share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. After these transactions, Stallings directly held 149,587 depositary shares. He also reported indirect holdings of 60,000 depositary shares through the Stallings Foundation and 360,913 depositary shares plus 90,039 common shares through SCG Ventures LP, in addition to 293,291 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares for Series B Preferred Stock | 15,000 | $22.51 | $338K |
| Purchase | Depositary Shares for Series B Preferred Stock | 30,000 | $22.11 | $663K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
Footnotes (1)
- 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. The stated price represents the average based on prices ranging from $21.77 to $22.2989. 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. The stated price represents the average based on prices ranging from $22.41 to $22.6199. 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. 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%). The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.