Form 4: Capital Bancorp CFO Boosts Equity Holdings
Insider Transaction Report
Capital Bancorp's EVP and CFO, Jacob Dalaya, reported the acquisition of new restricted stock units and stock options, alongside the conversion of existing units and a sale for tax obligations.
Summary
- Jacob Dalaya, EVP, Chief Financial Officer of Capital Bancorp Inc. (CBNK), reported transactions under a Rule 10b5-1 plan.
- Acquired 1,244 Restricted Stock Units (RSUs) on March 2, 2026, which will vest in four equal annual installments starting March 2, 2027.
- Acquired 4,809 Stock Options on March 2, 2026, with an exercise price of $29.41, vesting in four equal annual installments starting March 2, 2027, and expiring on March 2, 2031.
- Converted 233 Restricted Stock Units into 233 shares of Common Stock on March 3, 2026. These RSUs were part of a grant vesting in four equal annual installments starting March 3, 2026.
- Disposed of 95 shares of Common Stock on March 3, 2026, at a price of $29.82 per share, to cover tax withholding obligations related to the RSU conversion.
- Following these transactions, Dalaya directly beneficially owns 570 shares of Common Stock, 2,272 Restricted Stock Units, and 11,254 Stock Options.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting ongoing executive equity compensation and retention, with new grants indicating continued alignment of management incentives with shareholder value creation, offset by routine tax-related sales.
Positives
- Acquisition of 1,244 new Restricted Stock Units, aligning management incentives with shareholder interests.
- Acquisition of 4,809 new Stock Options with an exercise price of $29.41, providing potential future upside.
- Conversion of 233 Restricted Stock Units into common stock, increasing direct equity ownership.
Negatives
- Disposition of 95 shares of Common Stock for tax withholding purposes, reducing direct share count.
Future Outlook
The reporting person has significant future equity compensation vesting, including 1,244 Restricted Stock Units and 4,809 Stock Options beginning to vest on March 2, 2027, and other existing grants vesting through 2026 and beyond.
Industry Context
StockSavvy.ai notes that Form 4 filings detailing executive equity compensation grants, vesting, and tax-related dispositions are routine occurrences in the financial industry. These transactions reflect standard compensation practices designed to align executive interests with long-term company performance.
Stakeholder Impact
- Shareholders: The acquisition of new equity compensation by a key executive generally aligns management's interests with long-term shareholder value. The tax-related sale is a routine event and has minimal impact.
- Employees: Reflects standard executive compensation practices within the company.
Next Steps
- Vesting of 1,244 Restricted Stock Units in four equal annual installments starting March 2, 2027.
- Vesting of 4,809 Stock Options in four equal annual installments starting March 2, 2027.
- Continued vesting of previously granted Restricted Stock Units and Stock Options according to their respective schedules.
Key Dates
| Date | Description |
|---|---|
| 2024-10-23 | Start of vesting for 332 Restricted Stock Units (three equal annual installments). |
| 2024-10-23 | Start of vesting for 1,000 Stock Options (four equal annual installments) and expiration date of 10/23/2028. |
| 2025-01-01 | Start of vesting for 2,000 Stock Options (four equal annual installments) and expiration date of 01/01/2029. |
| 2026-03-02 | Acquisition date for 1,244 Restricted Stock Units and 4,809 Stock Options. |
| 2026-03-02 | Earliest transaction date reported in the filing. |
| 2026-03-03 | Conversion date for 233 Restricted Stock Units into common stock and disposition date for 95 common shares for tax withholding. |
| 2026-03-03 | Start of vesting for 233 Restricted Stock Units (four equal annual installments). |
| 2026-03-03 | Start of vesting for 3,445 Stock Options (four equal annual installments) and expiration date of 03/03/2030. |
| 2026-03-04 | Signature date of the reporting person. |
| 2027-03-02 | Start of vesting for 1,244 Restricted Stock Units (four equal annual installments). |
| 2027-03-02 | Start of vesting for 4,809 Stock Options (four equal annual installments). |
| 2028-10-23 | Expiration date for 1,000 Stock Options. |
| 2029-01-01 | Expiration date for 2,000 Stock Options. |
| 2030-03-03 | Expiration date for 3,445 Stock Options. |
| 2031-03-02 | Expiration date for 4,809 Stock Options. |
Keywords
Capital Bancorp, CBNK, Form 4, Insider Trading, Jacob Dalaya, EVP, Chief Financial Officer, Restricted Stock Units, Stock Options, Equity Compensation, Rule 10b5-1
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