Trinity Capital chair withholds 14K shares for tax
Trinity Capital Inc. (TRIN) insider Steve Louis Brown, Executive Chairman, reported two Form 4 transactions in Common Stock.
Rhea-AI Filing Summary
Trinity Capital Inc. (TRIN) insider Steve Louis Brown, Executive Chairman, reported two Form 4 transactions in Common Stock. On September 14 and 15, 2026, a total of 14,254 shares were withheld to satisfy tax obligations upon vesting of restricted shares, at prices around $17.75–$17.79 per share. These are coded as tax-withholding dispositions exempt under Rule 16b-3 and are not open-market sales. Following these events, Brown is reported to hold 940,745 shares indirectly through The Steven and Patricia Brown Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 14,254 shares
Tax Withholding
3 txns
Insider
Brown Steve Louis
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 13,591 | $17.79 | $242K |
| Tax Withholding | Common Stock F1 | 663 | $17.75 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 347,801 shares (Direct);
Common Stock — 940,745 shares (Indirect, By The Steven and Patricia Brown Family Trust, dated March 19, 1998)
Footnotes (2)
- F1. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on September 14, 2026. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
- F2. Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on September 15, 2026. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.
Key Figures
Tax-withholding shares on September 14, 2026: 663 shares
Tax-withholding price on September 14, 2026: $17.75 per share
Tax-withholding shares on September 15, 2026: 13,591 shares
+3 more
6 metrics
Tax-withholding shares on September 14, 2026
663 shares
Shares withheld to satisfy tax obligations upon vesting of restricted shares
Tax-withholding price on September 14, 2026
$17.75 per share
Value used for shares withheld for tax obligations
Tax-withholding shares on September 15, 2026
13,591 shares
Shares withheld to satisfy tax obligations upon vesting of restricted shares
Tax-withholding price on September 15, 2026
$17.79 per share
Value used for shares withheld for tax obligations
Total shares used for tax withholding
14,254 shares
Combined shares for both September 14 and 15, 2026 transactions
Indirect trust holdings after transactions
940,745 shares
Common Stock held by The Steven and Patricia Brown Family Trust
Key Terms
restricted shares, Section 16(b), Rule 16b-3, indirect, +1 more
5 terms
Section 16(b) regulatory
"Transaction exempt from Section 16(b) pursuant to Rule 16b-3"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"Transaction exempt from Section 16(b) pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect financial
"Indirect ownership by The Steven and Patricia Brown Family Trust"
power of attorney regulatory
"signing on behalf of Mr. S. Brown pursuant to the power of attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TRIN Executive Chairman Steve Louis Brown report on this Form 4?
He reported two transactions where a total of 14,254 Common Stock shares were withheld to cover tax obligations related to vesting restricted shares on September 14 and 15, 2026, rather than sold in the open market.
Were Steve Louis Brown’s TRIN transactions open-market buys or sells?
No. Both transactions are coded as tax-withholding dispositions where shares were delivered or withheld to pay tax liabilities on vesting restricted shares. The filing describes them as exempt from Section 16(b) under Rule 16b-3, not ordinary market trades.
Were Steve Louis Brown’s TRIN transactions made under a Rule 10b5-1 trading plan?
No. The document-level indicator shows the Rule 10b5-1 checkbox is not marked, and the footnotes describe the events solely as shares withheld to satisfy tax obligations upon restricted share vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
