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 May 12, 2025, Phil Donnelly, SEVP, General Counsel of Veritex Holdings, exercised 5,000 Restricted Stock Units (RSUs) that converted into common stock.
- Following the exercise, Donnelly disposed of 1,218 shares of common stock at a price of $23.96 per share to cover tax obligations.
- After these transactions, Donnelly directly owns 5,842 shares of Veritex Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity by a high-ranking executive at Veritex Holdings.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/09/2022 | Reporting person was granted 5,000 RSUs which cliff vest on the third anniversary of the grant date. |
| 05/12/2025 | Date of transaction: exercise of RSUs and disposal of shares. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Veritex Holdings, VBTX, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Phil Donnelly, SEVP, General Counsel
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