Just Susan Svensson 4

4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

HERITAGE COMMERCE (HTBK) EVP Susan Svensson Receives Award

What Happened

Just Susan Svensson, EVP and Chief Credit Officer of Heritage Commerce Corp (HTBK), was granted 14,069 restricted stock units (RSUs) on 2026-03-05. The grant price reported is $0.00, meaning no cash was paid; these are a form of equity compensation (derivative award), not an open-market purchase or sale.

Key Details

Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely — filed within required 2 business days).
Grant type: Award/Grant (code A); amount: 14,069 RSUs; reported acquisition price: $0.00.
Shares owned after transaction: not specified in the supplied filing details.
Footnotes: F1 — each RSU converts to one common share when settled. F2 — RSUs vest annually in three equal installments: 03/05/2027, 03/05/2028, and 03/05/2029.

Context

RSU grants are common compensation and do not represent immediate stock purchases or sales. They only convert into actual shares (and potential sale proceeds) as they vest, so this award is a forward-looking compensation event rather than an immediate market vote by the insider.

Form 4

Period: 2026-03-05

EVP/Chief Credit Officer

Transactions

Award
Restricted Stock Unit
[F1][F2]
2026-03-05+14,069→ 14,069 total
Exercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (14,069 underlying)

Holdings

Common Stock, No Par Value
13,736
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2027-03-08Exp: 2027-03-08→ Common Stock, No Par Value (12,458 underlying)
12,458
Restricted Stock Unit
Exercise: $0.00From: 2025-03-08Exp: 2027-03-08→ Common Stock, No Par Value (4,153 underlying)
4,153
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,431 underlying)
8,431
Restricted Stock Unit
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (5,622 underlying)
5,622

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.

Signature

/s/Janisha Sabnani as Attorney-in-Fact for Susan Svensson Just|2026-03-09

1 file