Form 4: Veritex Holdings Director Bolin Reports Routine Stock Ownership Changes and New RSU Grant

Veritex Holdings, Inc. Director Pat S. Bolin reported the vesting of restricted stock units and a new RSU grant, increasing his direct and indirect beneficial ownership in the company.

Summary

• Pat S. Bolin, a Director of Veritex Holdings, Inc. (VBTX), filed a Form 4 detailing changes in his beneficial ownership.
• On June 2, 2025, Mr. Bolin acquired 7,304 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0 per share.
• These 7,304 RSUs had cliff vested on June 1, 2025.
• Following this transaction, Mr. Bolin directly owns 47,328 shares of common stock.
• He also holds indirect beneficial ownership through various entities: 26,670 shares via Bolin Investments, LP; 24,249 shares via DHB Family Partnership, LP; 96,237 shares via Anasazi Capital, LP; 22,250 shares via PSB Family Trust II; and 10,000 shares via Red Star Yield Holdings, Inc.
• A previous reporting error regarding shares held by DHB Family Partnership, LP (incorrectly reported as Eagle Creek Capital, LP on an original Form 3) was noted.
• Additionally, Mr. Bolin was granted 6,214 new restricted stock units on June 2, 2025, which are scheduled to cliff vest on June 1, 2026.
• After all reported transactions, Mr. Bolin holds 6,214 derivative securities (RSUs) directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director's continued equity accumulation through vesting and new grants, aligning their interests with shareholders. There are no negative financial implications or risks disclosed.

Positives

• Director Pat S. Bolin's direct ownership of common stock increased by 7,304 shares through the vesting of restricted stock units, aligning his interests further with shareholders.
• The grant of an additional 6,214 restricted stock units demonstrates continued incentive for the director and future alignment with company performance.

Future Outlook

The reporting person has 6,214 restricted stock units that are expected to cliff vest on June 1, 2026, which will convert into common stock of Veritex Holdings, Inc.

Management Comments

• The filing was signed by C. Malcolm Holland, III, by power of attorney for Pat S. Bolin.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects a director's equity compensation and ownership changes, which are standard practices in the financial services industry to align management and director interests with shareholders.

Corporate Governance

Related Party Transactions

• Pat S. Bolin holds indirect beneficial ownership of Veritex Holdings, Inc. common stock through various entities, including Bolin Investments, LP, DHB Family Partnership, LP, Anasazi Capital, LP, PSB Family Trust II, and Red Star Yield Holdings, Inc., indicating related party dealings through family and investment vehicles.

Stakeholder Impact

• Shareholders: The increase in a director's direct ownership through RSU vesting and the grant of new RSUs can be viewed positively as it aligns the director's financial interests with those of the shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The 6,214 restricted stock units granted on June 2, 2025, are expected to cliff vest on June 1, 2026, at which point they will convert into common stock.

Key Dates

Keywords

Veritex Holdings, VBTX, SEC Form 4, Beneficial Ownership, Insider Trading, Restricted Stock Units, RSU Vesting, Director Ownership, Equity Compensation