Form 4: Robert W. Stallings Reports Transactions in Texas Capital Bancshares Inc.
SEC Form 4 Filing
Director Robert W. Stallings reports acquisition of Depositary Shares for Series B Preferred Stock through indirect ownership.
Summary
- Robert W. Stallings, a director of Texas Capital Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 16, 2024, Stallings indirectly acquired 4 Depositary Shares for Series B Preferred Stock at $19.4 each.
- On May 17, 2024, Stallings indirectly acquired 996 Depositary Shares for Series B Preferred Stock at an average price of $19.53.
- These shares were acquired through SCG Ventures LP, where Stallings has indirect ownership.
- Following these transactions, Stallings indirectly owns 157,706 Depositary Shares for Series B Preferred Stock through SCG Ventures LP.
- Stallings also indirectly owns 79,000 shares of Common Stock through SCG Ventures LP and directly owns 283,631 shares of Common Stock.
- Additionally, Stallings indirectly owns 5,000 Depositary Shares for Series B Preferred Stock through the Stallings Foundation and directly owns 3,294 Depositary Shares for Series B Preferred Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the investment activities of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions themselves may have a minor impact on the stock price, depending on market perception.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Transaction date: Acquisition of Depositary Shares for Series B Preferred Stock |
| 05/17/2024 | Transaction date: Acquisition of Depositary Shares for Series B Preferred Stock |
| 05/20/2024 | Date of signature by attorney-in-fact |
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