Triumph Financial (TFIN) director receives 1,528 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rafferty Michael P reported acquisition or exercise transactions in this Form 4 filing.
Triumph Financial director Michael P. Rafferty received a grant of 1,528 shares of common stock on May 1, 2026 as a stock award at $0.00 per share. These shares are represented by time-vested restricted stock units that vest one year from the award date.
After this grant, Rafferty directly holds 38,571 shares of Triumph Financial common stock, including restricted shares and restricted stock units subject to future vesting requirements and shares held jointly with his spouse. A separate line in the filing shows direct ownership of 9,338 Depository Shares representing interests in the company’s 7.125% Series C preferred stock, which were purchased in an underwritten public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rafferty Michael P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,528 | $0.00 | -- |
| holding | Depository Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,571 shares (Direct, null);
Depository Shares — 9,338 shares (Direct, null)
Footnotes (1)
- Shares represented by time-vested restricted stock units that vest one year from date of award. Consists of (i) 20,909 shares of common stock of Issuer beneficially owned by reporting person, (ii) 1,258 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements, and (iii) 16,134 shares of common stock of Issuer beneficially owned jointly with reporting person's spouse Linda Rafferty. Each Depository Share represents a 1/40th interest in a share of the Issuer's 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share. Shares purchased in an underwritten public offering.
Key Figures
RSU grant size: 1,528 shares
Grant price: $0.00 per share
Common shares after grant: 38,571 shares
+3 more
6 metrics
RSU grant size
1,528 shares
Time-vested restricted stock units granted on May 1, 2026
Grant price
$0.00 per share
Price per share for the 1,528-share stock award
Common shares after grant
38,571 shares
Total Triumph Financial common stock held directly after transaction
Depository Shares held
9,338 Depository Shares
Direct holdings of Depository Shares linked to Series C preferred
Series C dividend rate
7.125%
Fixed rate on Series C Non-Cumulative Perpetual Preferred Stock
Depository Share ratio
1/40th interest per share
Each Depository Share equals 1/40th of one Series C preferred share
Key Terms
time-vested restricted stock units, restricted stock units, Depository Share, Non-Cumulative Perpetual Preferred Stock, +1 more
5 terms
time-vested restricted stock units financial
"Shares represented by time-vested restricted stock units that vest one year from date of award."
restricted stock units financial
"1,258 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements"
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.
Non-Cumulative Perpetual Preferred Stock financial
"7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share."
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
underwritten public offering financial
"Shares purchased in an underwritten public offering."
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
FAQ
What did Triumph Financial (TFIN) director Michael P. Rafferty report in this Form 4?
Michael P. Rafferty reported receiving a grant of 1,528 shares of Triumph Financial common stock as a stock award at $0.00 per share. These are time-vested restricted stock units scheduled to vest one year from the award date, increasing his direct equity-based holdings.
What are the terms of the restricted stock units granted to Michael P. Rafferty by Triumph Financial (TFIN)?
The Form 4 states that the 1,528-share award consists of time-vested restricted stock units. These units vest one year from the date of the award, meaning Rafferty must remain eligible through that one-year period before the units fully convert into unrestricted common shares.
Does this Triumph Financial (TFIN) Form 4 show any insider sales by Michael P. Rafferty?
The Form 4 reports a grant of 1,528 common shares as a stock award and a holding entry for Depository Shares, but no open-market sales. The transaction code for the grant is “A,” indicating a grant, award, or other acquisition rather than a sale to the market.