Texas Capital (NASDAQ: TCBI) risk chief exercises RSUs, uses shares for tax
Rhea-AI Filing Summary
Texas Capital Bancshares Chief Risk Officer David W. Oman reported equity compensation-related transactions in company common stock. On July 1, 2026, he exercised 2,748 restricted stock units, receiving the same number of common shares at an exercise price of $0.00 per share. To cover tax obligations, 1,357 shares of common stock were disposed of at $104.54 per share as a tax-withholding transaction rather than an open-market sale. Following these transactions, Oman directly owned 3,779 shares of common stock. A footnote explains that the restricted stock units vest in three equal annual installments beginning July 1, 2025, illustrating the multi-year nature of his equity awards.
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Insider Trade Summary
Net Buyer: 1,391 shares
Net Buy
3 txns
Insider
Oman David W
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Units | 2,748 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,748 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,357 | $104.54 | $142K |
Holdings After Transaction:
2024 Restricted Stock Units — 2,748 shares (Direct);
Common Stock — 3,779 shares (Direct)
Footnotes (1)
- F1. The restricted stock units vest in three equal annual installments beginning July 1, 2025.
Key Figures
RSUs exercised: 2,748 shares
Tax-withholding shares: 1,357 shares
Tax-withholding price: $104.54 per share
+3 more
6 metrics
RSUs exercised
2,748 shares
2024 Restricted Stock Units converted into common stock on July 1, 2026
Tax-withholding shares
1,357 shares
Common stock delivered for tax liability at $104.54 per share
Tax-withholding price
$104.54 per share
Price used for 1,357-share tax-withholding disposition of common stock
Shares owned after
3,779 shares
Direct common stock holdings following July 1, 2026 transactions
RSU exercise price
$0.00 per share
Exercise or conversion price for 2,748 restricted stock units
RSU vesting schedule
Three equal annual installments
Vesting begins July 1, 2025 for the restricted stock units
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
Restricted Stock Units financial
"The restricted stock units vest in three equal annual installments beginning July 1, 2025."
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,357 common shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" describing the RSU conversion"
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
FAQ
What insider transactions did TCBI Chief Risk Officer David W. Oman report?
David W. Oman reported exercising 2,748 restricted stock units into common stock and a related tax-withholding disposition of 1,357 common shares, both dated July 1, 2026. These actions reflect equity compensation mechanics rather than open-market buying or selling.
What equity award did the TCBI Form 4 show for David W. Oman?
The Form 4 shows 2,748 "2024 Restricted Stock Units" converting into an equal number of common shares at a $0.00 exercise price. A footnote states these restricted stock units vest in three equal annual installments beginning July 1, 2025.
How does the TCBI Form 4 classify David W. Oman’s transactions?
The filing classifies 2,748 restricted stock units as a derivative exercise or conversion and 1,357 common shares as a tax-withholding disposition. Both are recorded as direct holdings activity, reflecting compensation-related movements rather than traditional buy or sell orders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
