Sabnani Janisha 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) EVP Janisha Sabnani Receives RSU Award
What Happened Janisha Sabnani, EVP, General Counsel and Corporate Secretary of Heritage Commerce Corp (HTBK), received an award of 14,613 restricted stock units (RSUs) on March 5, 2026. The grant is recorded at $0.00 per unit (derivative award) — RSUs represent the right to receive shares in the future rather than an immediate purchase of stock. This is a compensation grant, not an open-market buy or sell.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely within the usual 2-business-day window).
- Award: 14,613 RSUs; reported price $0.00 (derivative award, no cash paid).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each RSU equals a right to one share. F2 — RSUs vest in three equal annual installments on 3/5/2027, 3/5/2028 and 3/5/2029.
- No 10b5-1 plan, sale, or tax-withholding details were disclosed in this filing.
Context RSU grants are routine compensation for executives and vest over time; they do not represent immediate ownership of company stock until vested. Such grants are common and should be interpreted as part of pay/retention programs rather than a direct bullish or bearish market signal.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-03-05+14,613→ 14,613 totalExercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (14,613 underlying)
- 2,941
Common Stock, No Par Value
- 8,757
Restricted Stock Unit
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,757 underlying) - 8,757
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,757 underlying) - 9,524
Restricted Stock Unit
Exercise: $0.00From: 2026-02-27Exp: 2028-02-27→ Common Stock, No Par Value (9,524 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a right to receive one share of Issuer common stock.
- [F2]The restricted stock units vest annually in three equal installments commencing March 5, 2027, the first anniversary of the holder's grant date. The second tranche will vest on 3/5/2028. The remaining RSUs will vest on 3/5/2029.