STALLINGS ROBERT W 4
4 · TEXAS CAPITAL BANCSHARES INC/TX · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Texas Capital (TCBI) Director Robert Stallings Buys 16,885 Depositary Shares
What Happened
Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), made open-market purchases of depositary shares tied to the issuer’s 5.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series B. On 2026-02-04 he bought 8,500 depositary shares at an average price of $21.35 ($181,475), and on 2026-02-05 he bought 8,385 depositary shares at an average price of $21.36 ($179,104). Total consideration for the two transactions was $360,579. These were purchases (buying activity), which investors often view as a more informative insider signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-02-04 — 8,500 depositary shares at $21.35 each (total $181,475). (Price range for this lot: $21.33–$21.44 per footnote.)
- 2026-02-05 — 8,385 depositary shares at $21.36 each (total $179,104). (Price range for this lot: $21.29–$21.42 per footnote.)
- Total shares acquired: 16,885; total spent: $360,579.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes of note:
- Each depositary share represents a 1/40th interest in one share of the issuer’s Series B preferred (Footnote F1).
- Average prices shown; full per-price breakdown available upon request (Footnotes F2, F4).
- Purchases involve related entities/trust structures (SCG Ventures LP ownership structure described in F3) and the Stallings Foundation (F5), indicating some holdings/control via affiliated entities.
- Filing timeliness: Form 4 filed 2026-02-06 for transactions on 2026-02-04 and 02-05 — filed promptly (no late filing indicated).
Context
These were purchases of depositary shares (fractional interests in Series B preferred stock), not common stock. For retail investors, director purchases can be noteworthy, but they should be one of multiple factors in any investment decision. The filing’s footnotes indicate related trusts/vehicles and a charitable foundation are involved; such entity purchases may reflect estate/trust management rather than direct personal trading.
Insider Transaction Report
- Purchase
Depositary Shares for Series B Preferred Stock
[F1][F2][F3]2026-02-04$21.35/sh+8,500$181,475→ 297,528 total(indirect: SCG Ventures LP) - Purchase
Depositary Shares for Series B Preferred Stock
[F1][F4][F3]2026-02-05$21.36/sh+8,385$179,104→ 305,913 total(indirect: SCG Ventures LP)
- 90,039(indirect: SCG Ventures LP)
Common Stock
[F3] - 60,000(indirect: By Foundation)
Depositary Shares for Series B Preferred Stock
[F1][F5] - 84,587
Depositary Shares for Series B Preferred Stock
[F1] - 289,961
Common Stock
Footnotes (5)
- [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]The stated price represents the average based on prices ranging from $21.33 to $21.44. 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.
- [F3]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%).
- [F4]The stated price represents the average based on prices ranging from $21.29 to $21.42. 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.
- [F5]The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.