STALLINGS ROBERT W 4
Research Summary
AI-generated summary
Texas Capital (TCBI) Director Robert Stallings Exercises Options
What Happened
- Robert W. Stallings, a director of Texas Capital Bancshares, exercised 1,670 derivative securities (transaction code M) on 2026-04-22 at an exercise price of $0.00 (acquired 1,670). The same day he reported a disposition of 1,670 derivative shares at $0.00. No cash proceeds or purchase price are reported in the filing.
Key Details
- Transaction date: 2026-04-22; Form 4 filed: 2026-04-23 (timely filing).
- Exercise/acquisition: 1,670 derivative shares @ $0.00.
- Disposition: 1,670 derivative shares @ $0.00 (same day).
- Shares owned after transaction: Not disclosed in the provided summary.
- Footnotes: F1 describes ownership structure of SCG Ventures LP; F2 explains each Depositary Share equals a 1/40th interest in the issuer’s Series B preferred stock; F3 notes the Stallings Foundation; F4 N/A.
Context
- Code M indicates exercise/conversion of a derivative. The same-day exercise plus disposition means Stallings did not retain the exercised derivative securities. The instruments involved are depositary/preferred-type securities (see F2), not common stock. The filing is informational; it does not by itself indicate the director’s market sentiment.