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

What Happened
Robert W. Walker, a director of First Guaranty Bancshares, Inc. (FGBI), made open-market purchases on 2026-09-10 totaling 8,500 depository shares. He bought 2,500 shares at $18.18 each ($45,450) and 6,000 shares at $7.88 each ($47,280), for a combined cash outlay of $92,730. These were purchases (transaction code P), which are generally taken as more informative to investors than routine sales.

Key Details

• Transaction date: 2026-09-10 (filed 2026-09-11 — within the usual two-business-day Form 4 filing window).
• Trades: 2,500 shares @ $18.18 ($45,450); 6,000 shares @ $7.88 ($47,280); total 8,500 shares for $92,730.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: These are depository shares; each depository share represents a 1/40th interest in a share of the issuer’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (par $1,000), equivalent to $25.00 per depository share.
• Transaction code: P = Purchase (open market or private purchase).

Context
Depository shares represent fractional interests in a preferred stock issue (see footnote). Purchases by directors can signal confidence but do not prove future performance; they are factual disclosures of personal trading. The filing appears timely based on the transaction and filing dates.