STALLINGS ROBERT W 4
Research Summary
AI-generated summary
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.