First Guaranty (FGBI) Director Robert W. Walker Buys 1,601 Shares

What Happened

Robert W. Walker, a director of First Guaranty Bancshares, Inc. (FGBI), made an open-market purchase of 1,601 depository shares on August 14, 2026. The trades were executed at a weighted-average price of $19.22 per depository share, for a total cost of $30,771. The transaction is reported as a purchase (code P).

Key Details

• Transaction date: 2026-08-14 (reported on Form 4 filed 2026-08-18). Filing was within the required reporting window.
• Price: weighted-average $19.22; individual trade prices ranged from $19.18 to $19.28 (footnote F2).
• Total value: $30,771.
• Shares owned after transaction: not provided in the excerpt supplied.
• Footnotes:
  • F1: Each depository share represents a 1/40th interest in a $1,000 par 6.75% Series A fixed-rate non‑cumulative perpetual preferred share (i.e., each depository share equals a $25 liquidation preference).
  • F2: Transaction executed in multiple trades; full breakdown of quantities/prices available on request as noted in the filing.

Context

These are purchases of depository shares tied to a series of preferred stock, not common shares. Preferred depository shares typically carry fixed dividends (here 6.75% if declared) and different rights than common stock, so this transaction reflects an insider buying preferred securities rather than common equity. The filing shows an open-market acquisition across multiple trades and does not indicate option exercises, gifts, or a 10b5-1 plan.