Texas Capital Bancshares (NASDAQ: TCBI) legal chief exercises RSUs, withholds 503 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Texas Capital Bancshares Chief Legal Officer Anna M. Alvarado reported equity award activity involving restricted stock units and common shares. On February 13, 2026, she exercised 1,276 2024 restricted stock units at $0 per share, receiving the same number of common shares.
To cover taxes, 503 common shares were disposed of at $103.42 per share through a tax-withholding transaction, leaving 27,310 common shares held directly. Following the exercise, 1,277 restricted stock units remained outstanding, which vest in three equal annual installments beginning February 16, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,276 shares exercised/converted
Mixed
3 txns
Insider
Alvarado Anna M
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2024 Restricted Stock Units | 1,276 | $0.00 | -- |
| Exercise | Common Stock | 1,276 | $0.00 | -- |
| Tax Withholding | Common Stock | 503 | $103.42 | $52K |
Holdings After Transaction:
2024 Restricted Stock Units — 1,277 shares (Direct);
Common Stock — 27,813 shares (Direct)
Footnotes (1)
- N/A The restricted stock units vest in three equal annual installments beginning February 16, 2025.
FAQ
What insider transaction did TCBIs Chief Legal Officer report on this Form 4?
The Chief Legal Officer reported exercising 1,276 restricted stock units into common stock and a related tax-withholding share disposition. These transactions reflect routine equity award activity rather than an open-market purchase or sale, and they adjust her directly held ownership in Texas Capital Bancshares.
What are the key details of the 2024 restricted stock units reported by TCBIs legal chief?
The 2024 restricted stock units have a $0 exercise price and convert into TCBI common stock. On February 13, 2026, 1,276 units were exercised, with 1,277 units remaining afterward. These units vest in three equal annual installments beginning February 16, 2025, per the disclosure.
How do the vesting terms work for TCBIs 2024 restricted stock units granted to the Chief Legal Officer?
The 2024 restricted stock units vest in three equal annual installments starting February 16, 2025. This means one-third of the award becomes deliverable each year over three years, aligning the Chief Legal Officers equity compensation with a multi-year service and performance horizon.
Did the TCBI Form 4 report direct or indirect ownership for these insider holdings?
The Form 4 reports all listed holdings as directly owned by the insider. Both the common stock amounts and the remaining 2024 restricted stock units are coded as direct ownership, with no nature-of-ownership footnotes indicating control by separate entities such as trusts or partnerships.