Triumph Financial director awarded 1,258 restricted shares
Triumph Financial, Inc. director C. Todd Sparks reported an equity award and updated holdings.
Rhea-AI Filing Summary
Triumph Financial, Inc. director C. Todd Sparks reported an equity award and updated holdings. He received 1,258 shares of common stock in the form of time-vested restricted stock units, which vest one year from the award date. Following this grant, he directly holds 50,757 shares, including the 1,258 restricted shares subject to future vesting requirements. He also has indirect ownership of 4,000 shares through C. Todd Sparks FLP, 122,119 shares through SBS Equity, LLC, and 5,959 shares held by his spouse. He exercises voting and dispositive control over these indirect shares and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,258 shares
Grant/Award
4 txns
Insider
Sparks C Todd
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,258 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,757 shares (Direct);
Common Stock — 5,959 shares (Indirect, By Spouse);
Common Stock — 122,119 shares (Indirect, By SBS Equity, LLC);
Common Stock — 4,000 shares (Indirect, C. Todd Sparks FLP)
Footnotes (3)
- F1. Shares represented by time-vested restricted stock units that vest one year from date of award.
- F2. Consists of (i) 49,499 shares beneficially owned by reporting person, and (ii) 1,258 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.
- F3. Reporting person exercises voting and dispositive control over these shares and disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest.
Key Figures
Restricted stock unit award: 1,258 shares
Direct holdings after grant: 50,757 shares
Indirect FLP holdings: 4,000 shares
+3 more
6 metrics
Restricted stock unit award
1,258 shares
Time-vested RSUs vesting one year from award
Direct holdings after grant
50,757 shares
Common stock directly held after reported transactions
Indirect FLP holdings
4,000 shares
Common stock held through C. Todd Sparks FLP
Indirect LLC holdings
122,119 shares
Common stock held through SBS Equity, LLC
Spousal holdings
5,959 shares
Common stock held indirectly by spouse
Grant price per share
$0.0000 per share
Reported price for 1,258-share grant/award
Key Terms
restricted stock units, beneficial ownership, voting and dispositive control, pecuniary interest, +1 more
5 terms
restricted stock units financial
"Shares represented by time-vested restricted stock units that vest one year from date of award."
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.
beneficial ownership financial
"Consists of (i) 49,499 shares beneficially owned by reporting person, and (ii) 1,258 shares of restricted stock or restricted stock units..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and dispositive control financial
"Reporting person exercises voting and dispositive control over these shares and disclaims beneficial ownership..."
pecuniary interest financial
"disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest."
indirect ownership financial
"ownership_type: "indirect", ownership_code: "I" for certain common stock entries."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did C. Todd Sparks report in this Triumph Financial (TFIN) Form 4?
C. Todd Sparks reported receiving 1,258 shares of Triumph Financial common stock as a restricted stock unit award. The filing also updates his direct and indirect share holdings, providing an overview of his current equity position in the company.
When do C. Todd Sparks’ new Triumph Financial restricted stock units vest?
The 1,258 restricted stock units vest one year from the date of the award. Until vesting occurs, the units are subject to time-based restrictions and are treated differently from fully vested common shares in his reported holdings.
What are C. Todd Sparks’ direct Triumph Financial (TFIN) holdings after this grant?
After the grant, he directly holds 50,757 Triumph Financial common shares. This total includes 49,499 shares beneficially owned and 1,258 shares of restricted stock or restricted stock units that are still subject to future vesting requirements, as described in the filing.
What indirect Triumph Financial holdings are associated with C. Todd Sparks?
Indirectly, 4,000 shares are held through C. Todd Sparks FLP, 122,119 shares through SBS Equity, LLC, and 5,959 shares by his spouse. He exercises voting and dispositive control over these shares but disclaims beneficial ownership except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
