Trinity Capital (TRIN) CFO Michael Testa Receives Restricted Stock Award

What Happened
Michael Testa, CFO and Treasurer of Trinity Capital Inc. (TRIN), was issued a restricted stock award of 52,011 shares on March 13, 2026 (reported Mar 17, 2026). Simultaneously, 4,799 shares were withheld to satisfy tax obligations associated with the vesting; those withheld shares were disposed at $14.42 each for a total of $69,202. The award is an acquisition (grant) of restricted common stock rather than an open-market purchase.

Key Details

• Transaction dates: March 13, 2026 (Period of Report); filing date March 17, 2026 (timely).
• Disposition: 4,799 shares withheld (code F) at $14.42 = $69,202.
• Acquisition: 52,011 restricted shares granted (code A); acquisition price N/A (grant).
• Vesting: 25% vests on March 15, 2027; remaining 75% vests pro rata over the twelve full calendar quarters following March 15, 2027, subject to continued employment (see footnote).
• Tax/Rule notes: Withholding was to satisfy tax obligations; transaction exempt from Section 16(b) under Rule 16b-3.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a restricted stock grant with a multi-year vesting schedule; the withheld shares represent tax withholding at vesting and are a routine administrative disposition, not an open-market sale. Restricted stock awards are compensation and do not necessarily signal a near-term market view.