Just Susan Svensson 4

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.