Edmonds-Waters Christopher 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) EVP Edmonds‑Waters Receives 13,997 RSU Award
What Happened
Christopher Edmonds‑Waters, EVP & People & Culture Officer of Heritage Commerce Corp (HTBK), was granted 13,997 restricted stock units (RSUs) on March 5, 2026. The grant is reported at an acquisition price of $0.00 (no cash changed hands at grant). This is an equity compensation award (not a market purchase or sale).
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the Form 4 two-business-day window).
- Transaction type/code: Award/Grant (derivative RSUs), 13,997 RSUs at $0.00 reported price.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: Each RSU represents a right to receive one share of HTBK common stock.
- F2: RSUs vest annually in three equal installments: 3/5/2027, 3/5/2028, and 3/5/2029.
- No indication of a 10b5-1 plan, sale, or tax withholding in the information provided.
Context
RSUs are a form of deferred compensation: they convert into actual company shares only when they vest according to the schedule above. Because this was a grant (not a buy or sell), it does not signal an immediate market transaction by the insider. For retail investors, such awards are typically part of executive compensation and should be interpreted as compensation-related dilution risk rather than a direct bullish or bearish insider trade.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-03-05+13,997→ 13,997 totalExercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (13,997 underlying)
- 6,704
Common Stock, No Par Value
- 20,000
Restricted Stock Unit
Exercise: $0.00From: 2025-05-31Exp: 2027-05-31→ Common Stock, No Par Value (20,000 underlying) - 8,388
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,388 underlying) - 8,388
Restricted Stock Unit
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,388 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.