STALLINGS ROBERT W 4
4 · TEXAS CAPITAL BANCSHARES INC/TX · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Texas Capital (TCBI) Director Robert W. Stallings Buys 4,115 Depositary Shares
What Happened
- Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), reported open-market purchases of depositary shares tied to the issuer's Series B preferred. He acquired 515 depositary shares on 2026-02-02 at $20.97 each (≈ $10,800) and 3,600 depositary shares on 2026-02-03 at an average price of $21.10 each (≈ $75,960), for a total of 4,115 depositary shares and about $86,760 invested. These transactions are purchases (code P), which are generally regarded as insider buys rather than sales.
Key Details
- Transaction dates and prices:
- 2026-02-02: 515 depositary shares at $20.97 (≈ $10,800).
- 2026-02-03: 3,600 depositary shares at an average price of $21.10 (range $21.06–$21.25 per filing footnote) (≈ $75,960).
- Each depositary share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (Footnote F1).
- Footnotes of note:
- F2 describes ownership structure of SCG Ventures LP (controlled by trusts and Stallings Management LLC) — indicating entity/affiliated ownership relationships.
- F3 explains the Feb 3 price is an average; per-share breakdown available on request.
- F4 identifies the Stallings Foundation as a charitable foundation of which Mr. Stallings is an officer.
- Shares owned after the transactions are not stated in the provided summary of the filing.
- Filing timeliness: Report filed 2026-02-04 for transactions on Feb 2–3; this appears timely (filed within reporting window), and no late-filing flag is indicated.
Context
- These purchases were of depositary shares tied to preferred stock (not common shares). Depositary shares represent fractional interests in preferred shares (1/40th per footnote), so the reported counts are of those fractional-depositary units.
- Purchases by directors can be interpreted by some investors as a positive signal, but filings are factual disclosures and do not state motivation. The filing includes entity ownership footnotes suggesting some shares may be held through affiliated entities or foundations.
Insider Transaction Report
Form 4
STALLINGS ROBERT W
Director
Transactions
- Purchase
Depositary Shares for Series B Preferred Stock
[F1][F2]2026-02-02$20.97/sh+515$10,800→ 285,428 total(indirect: SCG Ventures LP) - Purchase
Depositary Shares for Series B Preferred Stock
[F1][F3][F2]2026-02-03$21.10/sh+3,600$75,960→ 289,028 total(indirect: SCG Ventures LP)
Holdings
- 90,039(indirect: SCG Ventures LP)
Common Stock
[F2] - 60,000(indirect: By Foundation)
Depositary Shares for Series B Preferred Stock
[F1][F4] - 84,587
Depositary Shares for Series B Preferred Stock
[F1] - 289,961
Common Stock
Footnotes (4)
- [F1]Each Depositary Share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $.01 per share.
- [F2]SCG Ventures LP is owned by the RWS Investment Trust (49.5%), the LES Investment Trust (49.5%) and Stallings Management LLC (1%), its general partner. Stallings Management LLC is owned by Mr. and Mrs. Stallings (100%).
- [F3]The stated price represents the average based on prices ranging from $21.06 to $21.25. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided.
- [F4]The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.
Signature
Mary Helen Hall, attorney-in-fact|2026-02-04