Form 4: Capital Bancorp Inc. Executive Vice President Kathy Yamada Reports Acquisition of Restricted Stock Units and Stock Options
SEC Form 4
Kathy Yamada, EVP & Chief Credit Officer of Capital Bancorp Inc., reports the acquisition of restricted stock units and stock options.
Summary
- On March 3, 2025, Kathy Yamada, EVP & Chief Credit Officer of Capital Bancorp Inc., reported transactions involving Capital Bancorp Inc. securities.
- Yamada acquired 539 Restricted Stock Units (RSUs) that convert into common stock.
- These RSUs will vest in four equal annual installments starting March 3, 2026.
- Yamada also acquired 1,998 stock options exercisable beginning March 3, 2026, and expiring March 3, 2030, with an exercise price of $30.51.
- Yamada directly owns 57,510 shares of Capital Bancorp Inc. common stock.
- Yamada holds various other stock options with different grant dates, vesting schedules, and exercise prices.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.
Positives
- The acquisition of RSUs and stock options aligns the executive's interests with those of the shareholders.
- The vesting schedules of the RSUs and stock options encourage long-term commitment from the executive.
Industry Context
This filing is a routine disclosure of insider transactions, common in publicly traded companies to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice in the financial services industry.
- Vesting schedules and exercise prices are typically structured to align executive incentives with long-term shareholder value creation, similar to practices at comparable institutions like Bank of America or JPMorgan Chase.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Grant date of stock options with an exercise price of $13.89 and expiration date of 12/31/2025. |
| 12/31/2022 | Grant date of stock options with an exercise price of $26.41 and expiration date of 12/31/2026. |
| 01/01/2024 | Grant date of stock options with an exercise price of $23.54 and expiration date of 01/01/2028. |
| 01/01/2025 | Grant date of stock options with an exercise price of $24.20 and expiration date of 01/01/2029. |
| 03/03/2025 | Date of transaction: acquisition of RSUs and stock options. |
| 03/03/2026 | First vesting date for the acquired Restricted Stock Units. |
| 03/03/2026 | Stock options with an exercise price of $30.51 become exercisable. |
| 03/03/2030 | Expiration date for stock options with an exercise price of $30.51. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.