First Guaranty Bancshares (FGBI) Director Robert W. Walker Buys 4,000 Shares

What Happened

• Robert W. Walker, a director of First Guaranty Bancshares, purchased 4,000 depository shares in an open-market transaction on 2026-09-15 at $17.74 per share, for a total purchase price of $70,960. This was reported on a Form 4 filed 2026-09-17. This transaction is a direct purchase (code P) — a buy, which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-09-15, 4,000 shares at $17.74 each.
• Total value: $70,960.
• Transaction type/code: Open market purchase (P).
• Shares owned after transaction: Not specified in the information provided in this summary (not disclosed here).
• Filing timeliness: Form 4 filed on 2026-09-17 (two days after the trade), which appears to be timely under typical SEC rules.
• Footnote of note (F1): 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, $1,000 liquidation preference per preferred share), so each depository share is equivalent to a $25.00 interest in that preferred share.

Context

• These were purchases of depository shares (fractional interests in a preferred share), not common stock — that structure affects dividend rights and liquidation preference compared with common shares. As always, purchases show the insider acquired equity exposure but do not by themselves explain the insider’s motivations.