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HERITAGE COMMERCE CORP·4

Mar 9, 8:26 PM ET

SA THOMAS A 4

Research Summary

AI-generated summary

Updated

Heritage Commerce (HTBK) EVP/COO Thomas A. Sa Receives RSU Award

What Happened

Thomas A. Sa, Executive Vice President and COO of Heritage Commerce Corp (HTBK), received a grant of 21,753 restricted stock units (RSUs) on March 5, 2026. The grant is recorded as an acquisition of a derivative security (code A) at $0.00 — RSUs represent a right to receive common shares in the future and do not reflect an immediate cash purchase or sale.

Key Details

  • Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the SEC two-business-day deadline).
  • Security: 21,753 restricted stock units (RSUs); reported acquisition price: $0.00.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes:
    • Each RSU equals the right to receive one share of common stock upon vesting.
    • Vesting schedule: three equal annual installments on 3/5/2027, 3/5/2028, and 3/5/2029.
  • Transaction type: Award/Grant of derivative securities (code A). No sale or purchase of existing shares occurred.

Context

RSU grants are compensation awards and do not indicate an immediate market purchase or sale; value is realized only as RSUs vest and convert to shares (or are settled per company plan). This is a routine executive equity grant disclosed via Form 4; the filing appears timely.