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.