Form 4: Texas Capital Bancshares CFO Reports Stock Transactions
SEC Form 4 Filing
John Matthew Scurlock, CFO of Texas Capital Bancshares, reports the acquisition and disposal of common stock and restricted stock units on February 26, 2025.
Summary
- On February 26, 2025, John Matthew Scurlock, the Chief Financial Officer of Texas Capital Bancshares, engaged in transactions involving the company's stock.
- Scurlock acquired 378 shares of common stock through the exercise of restricted stock units.
- He also disposed of 149 shares of common stock to cover tax obligations at a price of $78.15 per share.
- Following these transactions, Scurlock directly owns 17,708 shares of Texas Capital Bancshares common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock transactions (acquisition and disposal). |
| 02/27/2025 | Date of signature by attorney-in-fact. |
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