Form 4: Triumph Financial Director Richard Davis Reports Acquisition of Common Stock Grant
Insider Transaction Report
Triumph Financial, Inc. Director Richard Loren Davis reported the acquisition of 613 shares of common stock through a grant under the company's 2014 Omnibus Incentive Plan, increasing his total beneficial ownership.
Summary
- Richard Loren Davis, a Director of Triumph Financial, Inc. (TFIN), acquired 613 shares of common stock.
- The transaction occurred on July 1, 2025, with a price of $0 per share, indicating a grant.
- The shares were granted under the Issuer's 2014 Omnibus Incentive Plan and were fully vested as of the grant date.
- Following this transaction, Richard Davis directly owns 55,280 shares of common stock, consisting of 17,740 individually owned shares and 37,540 shares jointly owned with his spouse, Sheree Davis.
- He indirectly beneficially owns 74,079 shares through the Rick Davis 2006 Family Trust and another 74,079 shares through the Sheree Davis 2006 Children's Trust, disclaiming beneficial ownership except for his pecuniary interest.
- Additionally, he directly owns 20,000 Depository Shares, each representing a 1/40th interest in a share of the Issuer's 7.125% Series C Fixed Rate Non-Cumulative Perpetual Preferred Stock.
Sentiment
Score: 6
Explanation: Slightly positive as it indicates a director receiving shares, aligning interests, but it's a routine compensation event rather than a significant strategic or financial announcement.
Positives
- The grant of 613 shares to a director aligns management interests with shareholders.
- The shares were fully vested upon grant, indicating immediate ownership.
Industry Context
This is a routine insider transaction filing, common across all industries for publicly traded companies, reflecting compensation or investment by a director. It does not provide specific industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Structure | Grant of shares to a director under the Issuer's 2014 Omnibus Incentive Plan, indicating a component of director compensation. | 07/01/2025 | Aligns director's interests with shareholder value through equity ownership. |
Stakeholder Impact
- Shareholders: Increased alignment of a director's interests with shareholder value through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of earliest transaction (acquisition of common stock) |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact |
Keywords
Triumph Financial, TFIN, Richard Loren Davis, Form 4, Insider Transaction, Stock Grant, Common Stock, Director, Beneficial Ownership, SEC Filing, Omnibus Incentive Plan
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