Form 4: Texas Capital Bancshares Executive Anna M. Alvarado Reports Stock Transactions
SEC Form 4 Filing
Anna M. Alvarado, Chief Legal Officer of Texas Capital Bancshares, reports the vesting and disposition of performance stock units and restricted stock units on February 7, 2025.
Summary
- On February 7, 2025, Anna M. Alvarado, Chief Legal Officer of Texas Capital Bancshares, reported transactions involving common stock and derivative securities.
- These transactions included the vesting of 5,542 performance stock units, 1,072 restricted stock units, and 1,135 restricted stock units, all converted into common stock.
- Ms. Alvarado also disposed of 1,430 shares and 262 shares and 277 shares of common stock at a price of $83.
- Following these transactions, Ms. Alvarado directly owns 19,824 shares of Texas Capital Bancshares common stock.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to vested stock options.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Performance units were granted. |
| 02/07/2025 | Date of earliest transaction; vesting and disposition of stock units. |
| 02/07/2025 | Performance units vested based on applicable performance goals. |
| 02/11/2025 | Date of signature by attorney-in-fact. |
| 03/15/2025 | Expiration date of 2022 Performance Stock Units. |
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