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.
Summary
- John Matthew Scurlock, the Chief Financial Officer of Texas Capital Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On June 3, 2024, Scurlock acquired 240 shares of common stock and disposed of 59 shares at a price of $58.83.
- Following these transactions, Scurlock beneficially owns 11,031 shares of common stock directly.
- The transactions also involved restricted stock units, with 240 units being part of the reported activity.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company insider, which doesn't inherently convey strong positive or negative sentiment. It's a neutral disclosure.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stock transactions.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the reported stock transactions. |
| 06/04/2024 | Date of signature by attorney-in-fact. |
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