Form 4: Veritex Holdings Executive Phil Donnelly Reports Stock Transactions
SEC Form 4 Filing
Phil Donnelly, SEVP and General Counsel of Veritex Holdings, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 4, 2025, Phil Donnelly, SEVP, General Counsel of Veritex Holdings, Inc., engaged in transactions involving Veritex Holdings common stock.
- Donnelly vested 863 restricted stock units (RSUs) and sold the resulting shares to cover tax obligations at a price of $26.12 per share, resulting in the disposal of 256 shares.
- Additionally, Donnelly vested 1,203 restricted stock units (RSUs) and sold the resulting shares to cover tax obligations at a price of $26.12 per share, resulting in the disposal of 357 shares.
- Following these transactions, Donnelly directly owns 2,060 shares of Veritex Holdings common stock and 2,406 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | First vesting date for some of the restricted stock units. |
| 02/04/2025 | Date of the reported transactions: vesting of RSUs and disposal of shares. |
| 02/01/2025 | Second vesting date for some of the restricted stock units. |
| 02/01/2026 | Third vesting date for some of the restricted stock units. |
| 02/01/2027 | Third vesting date for some of the restricted stock units. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Veritex Holdings, VBTX, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Phil Donnelly, SEVP, General Counsel
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