Triumph Financial (TFIN) EVP reports RSU grants, options and tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Triumph Financial, Inc. executive vice president and general counsel Adam D. Nelson reported routine equity compensation updates and related tax withholding. He received 2,017 shares of common stock and 1,850 additional shares as grants at $0.00 per share, plus an award of 3,432 employee stock options tied to 3,432 underlying common shares at an exercise price of $67.55 per share. To satisfy tax obligations on vesting, 1,194 shares of common stock were withheld at $67.55 per share. After these transactions, he directly held 26,682 shares of common stock. Footnotes state this amended filing corrects a previously reported grant from 2,710 shares to 2,017 shares and describe the awards as restricted stock units and performance-based restricted stock units that vest over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Nelson Adam D
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 3,432 | $0.00 | -- |
| Grant/Award | Common Stock | 1,850 | $0.00 | -- |
| Grant/Award | Common Stock | 2,017 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,194 | $67.55 | $81K |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 3,432 shares (Direct, null);
Common Stock — 26,682 shares (Direct, null)
Footnotes (1)
- Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest on the ratably on each of the first four anniversaries of the grant date. Represents the number of shares earned upon satisfaction of performance goals in connection with performance-based restricted stock units. This Form 4/A amends the Form 4 filed on May 5, 2026 to correct the number of shares reported in Box 4 from 2,710 shares to 2,017 shares. Represents the number of shares forfeited to cover tax withholding obligations in connection with the vesting of restricted stock units and performance awards. Consists of (i) 23,044 shares beneficially owned by reporting person, and (ii) 4,461 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements. Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan. Exercise of the employee stock option is subject to vesting over four years from the date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.
Key Figures
RSU grant: 2,017 shares
Additional share grant: 1,850 shares
New stock options: 3,432 options at $67.55
+4 more
7 metrics
RSU grant
2,017 shares
Common stock grant at $0.00 per share
Additional share grant
1,850 shares
Common stock grant at $0.00 per share
New stock options
3,432 options at $67.55
Employee stock options expiring May 1, 2036
Tax withholding shares
1,194 shares at $67.55
Shares forfeited to cover tax obligations
Post-transaction holdings
26,682 shares
Common stock directly held after transactions
Option block 1
3,508 underlying shares at $38.75
Non-qualified stock options expiring May 1, 2028
Option block 2
4,409 underlying shares at $54.38
Non-qualified stock options expiring May 1, 2035
Key Terms
Restricted Stock Unit ("RSU"), performance-based restricted stock units, tax withholding obligations, non-qualified stock options, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each share is represented by a Restricted Stock Unit ("RSU")."
performance-based restricted stock units financial
"Represents the number of shares earned upon satisfaction of performance goals in connection with performance-based restricted stock units."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"Represents the number of shares forfeited to cover tax withholding obligations in connection with the vesting of restricted stock units and performance awards."
non-qualified stock options financial
"Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan."
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
2014 Omnibus Incentive Plan financial
"granted to reporting person under Issuer's 2014 Omnibus Incentive Plan."
FAQ
What equity awards did TFIN executive Adam D. Nelson report on this Form 4/A?
Adam D. Nelson reported receiving 2,017 shares of common stock, another 1,850-share grant, and 3,432 employee stock options at a $67.55 exercise price. These awards are described as restricted stock units and performance-based restricted stock units vesting over four years.
What stock options does Adam D. Nelson retain according to the Triumph Financial Form 4/A?
The filing lists multiple non-qualified employee stock option grants under Triumph Financial’s 2014 Omnibus Incentive Plan. Examples include options over 3,508 underlying shares at a $38.75 exercise price expiring May 1, 2028, and 4,409 underlying shares at $54.38 expiring May 1, 2035.
What correction does this amended Form 4/A for Triumph Financial (TFIN) make?
The amended filing states it corrects the number of shares previously reported in Box 4. The original Form 4 showed 2,710 shares, and this amendment revises that figure to 2,017 shares, aligning the reported grant with the actual number of shares earned.
How do the RSU awards for Triumph Financial’s Adam D. Nelson vest over time?
A footnote explains that each reported share represents a restricted stock unit. These RSUs vest ratably on each of the first four anniversaries of the grant date, spreading the vesting over four years and tying full ownership to continued service and performance conditions.