Tam Jeannie 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) SVP Jeannie Tam Receives RSU Award
What Happened
Jeannie Tam, Senior Vice President and Chief Accounting Officer of Heritage Commerce Corp (HTBK), received a grant of 9,209 restricted stock units (RSUs) on March 5, 2026. The award is recorded as a derivative acquisition (grant) at $0.00 per RSU—no cash was paid. RSUs represent a right to receive one share each upon vesting rather than an immediate stock purchase or sale.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed 4 days after the grant date; appears to be after the typical 2-business-day filing window).
- Instrument: 9,209 restricted stock units (derivative award), reported at $0.00 per unit.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 — each RSU equals one share of common stock; F2 — RSUs vest in three equal annual installments: 3/5/2027, 3/5/2028, and 3/5/2029.
Context
RSU grants are compensation awards that convert into actual shares only when they vest; they do not represent an immediate purchase or sale in the open market. Such awards are common for executives and are primarily a retention/compensation tool—while they increase potential future insider holdings, they do not by themselves signal a current personal market investment.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-03-05+9,209→ 9,209 totalExercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (9,209 underlying)
- 6,233
Common Stock, No Par Value
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.