Texas Capital CEO exercises RSUs, covers taxes in shares
Texas Capital Bancshares Chairman, President and CEO Rob C. Holmes reported equity compensation activity tied to restricted stock units.
Rhea-AI Filing Summary
Texas Capital Bancshares Chairman, President and CEO Rob C. Holmes reported equity compensation activity tied to restricted stock units. On 1,446 2024 restricted stock units, he exercised derivative securities into the same number of common shares at $0 per share, then had 1,446 common shares withheld at $97.63 per share to cover taxes related to early vesting upon becoming retirement eligible. Following these transactions, his directly held common stock position was 266,235 shares, and his remaining 2024 restricted stock units totaled 60,045 units, which vest on a 3-year cliff schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Units | 1,446 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,446 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,446 | $97.63 | $141K |
Footnotes (2)
- F1. The reported transaction involved the withholding of 1,446 shares of stock issuable upon the early vesting of an equal number of restricted stock units to pay taxes associated with the reporting person becoming retirement eligible.
- F2. The restricted stock units vest on a 3 year cliff vest schedule.
FAQ
What insider transaction did TCBI CEO Rob Holmes report on this Form 4?
What are Rob Holmes’ TCBI common stock holdings after these transactions?
What happens to the remaining 2024 restricted stock units for TCBI’s CEO?
Why did the TCBI CEO’s restricted stock units vest early in this case?
AI-generated analysis. How Rhea-AI works. Not financial advice.