STALLINGS ROBERT W 4

4 · TEXAS CAPITAL BANCSHARES INC/TX · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Texas Capital (TCBI) Director Robert W. Stallings Buys 28,330 Shares

What Happened

  • Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), made multiple open-market purchases totaling 28,330 units between Feb 27 and Mar 2, 2026. The transactions reported are:
    • 3,330 depositary shares at an average price of $94.86 each for $315,884 (price range disclosed $94.55–$95.57; see F1–F2).
    • 5,000 shares at $22.29 each for $111,450 (avg price disclosure; see F4).
    • 20,000 shares at $22.22 each for $444,400 (see F4).
    • Aggregate cost across the three purchases ≈ $871,734.
  • These were purchases (code P on the Form 4), i.e., acquisitions rather than sales.

Key Details

  • Transaction dates and prices:
    • 2026-02-27: 3,330 @ $94.86 (avg; range $94.55–$95.57) — $315,884 (F1, F2).
    • 2026-02-27: 5,000 @ $22.29 — $111,450 (F4).
    • 2026-03-02: 20,000 @ $22.22 — $444,400 (F4).
  • Shares owned after the transactions: Not specified in the information provided in your summary.
  • Notable footnotes:
    • F2: The 3,330 units are depositary shares; each represents a 1/40th interest in a share of the issuer’s 5.75% Series B preferred stock.
    • F1 and F4: Prices shown are averages; the filing notes price ranges and that full per-price purchase counts are available on request.
    • F3 and F5: The filing references entities tied to Mr. Stallings (SCG Ventures LP ownership structure and the Stallings Foundation), indicating some purchases involve related entities (see full Form 4 for exact attribution).
  • Filing/timeliness: Form filed 2026-03-03 reporting transactions on 2026-02-27 and 2026-03-02. The summary provided does not state a late-filing flag; check the full Form 4 for any timeliness indicator.

Context

  • One tranche involves depositary shares (F2), which are different from common shares — each depositary share represents a fractional interest in a preferred share, not one whole common share. Treat those separately when assessing holdings.
  • These were straightforward open-market purchases (not option exercises, gifts, or awards). Purchases by directors are often watched by investors as a signal of insider buying, but the filing itself does not state the motivation. For complete legal and ownership details, consult the full Form 4 filing.

Insider Transaction Report

Form 4
Period: 2026-02-27
Transactions
  • Purchase

    Common Stock

    [F1]
    2026-02-27$94.86/sh+3,330$315,884293,291 total
  • Purchase

    Depositary Shares for Series B Preferred Stock

    [F2][F3]
    2026-02-27$22.29/sh+5,000$111,450360,913 total(indirect: SCG Ventures LP)
  • Purchase

    Depositary Shares for Series B Preferred Stock

    [F2][F4]
    2026-03-02$22.22/sh+20,000$444,400104,587 total
Holdings
  • Common Stock

    [F3]
    (indirect: SCG Ventures LP)
    90,039
  • Depositary Shares for Series B Preferred Stock

    [F2][F5]
    (indirect: By Foundation)
    60,000
Footnotes (5)
  • [F1]The stated price represents the average based on prices ranging from $94.55 to $95.57. 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.
  • [F2]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.
  • [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 $22.13 to $22.27. 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.
Signature
Mary Helen Hall, attorney-in-fact|2026-03-03

Documents

1 file
  • 4
    wk-form4_1772571908.xmlPrimary

    FORM 4