Form 4: Veritex Holdings CFO Terry Earley Reports Stock Transactions
SEC Form 4 Filing
Terry Earley, CFO of Veritex Holdings, reports the vesting and subsequent tax withholding of restricted stock units, resulting in adjustments to his holdings of common stock.
Summary
- On February 5, 2025, Terry Earley, the Chief Financial Officer of Veritex Holdings, engaged in transactions involving restricted stock units and common stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Specifically, 1,411, 1,678 and 2,338 RSUs vested, each representing the right to receive one share of common stock.
- Following the vesting, 532, 632 and 873 shares were disposed of to satisfy tax obligations at a price of $26.12 per share.
- After these transactions, Earley directly owns 116,737 shares of Veritex Holdings common stock and indirectly owns 8,286 shares through an individual retirement account.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard stock transactions. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the individual executive's stock ownership.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The vesting schedules of the restricted stock units are typical for executive compensation packages.
- The tax withholding process is also a common practice.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent routine vesting and tax withholding of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2022 | First vesting date for 1,411 restricted stock units. |
| 02/01/2023 | Second vesting date for 1,411 restricted stock units and first vesting date for 1,678 restricted stock units. |
| 02/01/2024 | Third vesting date for 1,411 restricted stock units, second vesting date for 1,678 restricted stock units and first vesting date for 2,338 restricted stock units. |
| 02/05/2025 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 02/01/2025 | Third vesting date for 1,678 restricted stock units and second vesting date for 2,338 restricted stock units. |
| 02/01/2026 | Third vesting date for 2,338 restricted stock units. |
| 02/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Veritex Holdings, Terry Earley, CFO, Form 4, Stock Transactions, Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership
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