Skelly Noreen E 4
4 · Veritex Holdings, Inc. · Filed Mar 21, 2018
Insider Transaction Report
Form 4
Skelly Noreen E
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2018-03-21+257→ 9,474 total
Footnotes (1)
- [F1]On January 1, 2018, vested restricted stock units were settled through the delivery of 2,931 shares of common stock. Of the shares settled, 956 shares were disposed of due to the reporting person electing to withhold the shares for federal income tax purposes, which was calculated utilizing the 2017 tax rate and withholding tables. As a result of the enactment of the Tax Cut and Jobs Act in December 2017, which resulted in changes to the 2018 tax rates and withholding tables, it was determined that the number of shares needing to be disposed for federal income tax purposes was over-calculated. Therefore, on March 21, 2018, the Company delivered additional shares to the reporting person in the amount reported as acquired herein, which represents the difference between the shares previously withheld and the amount required to be withheld under the new tax rate under the Tax Cuts and Jobs Act.