Form 4: Texas Capital Bancshares Inc. Executive Acquires Restricted Stock Units
SEC Form 4 Filing
Anna M. Alvarado, Chief Legal Officer of Texas Capital Bancshares Inc., reports acquisition of 5,700 restricted stock units.
Summary
- On July 29, 2024, Anna M. Alvarado, the Chief Legal Officer of Texas Capital Bancshares Inc., acquired 5,700 restricted stock units.
- These restricted stock units vest on a 3-year cliff vest schedule, expiring on July 29, 2027.
- Following the transaction, Ms. Alvarado directly owns 5,700 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Anna M. Alvarado acquired 5,700 restricted stock units. |
| 07/29/2027 | Expiration date of the restricted stock units. |
| 07/31/2024 | Date of signature on the Form 4 filing. |
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