Sutton Marina Park 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) Director Sutton Marina Park Receives 4,022-Share Award
What Happened
Sutton Marina Park, a director of Heritage Commerce Corp (HTBK), was granted 4,022 shares on March 5, 2026 as a restricted stock award (transaction code A). The award is reported at $0.00 per share (no cash purchase price recorded). The filing corrects prior over-reporting of 617 shares in earlier Form 4s.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
- Reported price: $0.00 per share; total reported cash consideration = $0.
- Vesting: Footnote F1 — shares vest on the first anniversary of the grant date, subject to continuous service.
- Correction: Footnote F2 — 617 shares were previously over-reported in the reporting person's filings; beneficial ownership is corrected in this Form 4.
- Shares owned after transaction: the filing corrects prior ownership totals; the exact post-grant total is not detailed in the summary provided.
Context
This was a restricted stock award tied to service/compensation rather than an open-market purchase or sale. Such awards are common for directors and reflect compensation arrangements; they do not by themselves indicate the insider is buying or selling stock in the market.
Insider Transaction Report
- Award
Common Stock, No Par Value
[F1][F2]2026-03-05+4,022→ 123,994 total
- 2,470
Employee Stock Option (right to buy)
Exercise: $5.50From: 2019-10-11Exp: 2026-05-17→ Heritage Commerce Corp - Common Stock (2,470 underlying) - 2,470
Employee Stock Option (right to buy)
Exercise: $7.12From: 2019-10-11Exp: 2027-05-16→ Heritage Commerce Corp - Common Stock (2,470 underlying) - 2,470
Employee Stock Option (right to buy)
Exercise: $10.77From: 2019-10-11Exp: 2028-05-08→ Heritage Commerce Corp - Common Stock (2,470 underlying) - 2,470
Employee Stock Option (right to buy)
Exercise: $10.31From: 2019-10-11Exp: 2029-05-08→ Heritage Commerce Corp - Common Stock (2,470 underlying)
Footnotes (2)
- [F1]Restricted stock award vests at the first anniversary of the grant date, subject to continuous employment with the company.
- [F2]These shares were over-reported by 617 shares due to an inadvertent administrative error in the reporting person's Form 4 filed on October 15, 2019 and also were over-reported in subsequent Forms 4 filed by the reporting person. The reporting person's beneficial ownership has been corrected in this Form 4.