Fonti Seth 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) CFO Seth Fonti Receives RSU Award
What Happened
- Seth Fonti, Chief Financial Officer of Heritage Commerce Corp. (HTBK), received a grant of 19,463 restricted stock units (RSUs) on 2026-03-05. The grant is reported as a derivative award (code A) with an acquisition price of $0.00 (typical for compensation awards).
Key Details
- Transaction date and filing: Grant dated 2026-03-05; Form 4 filed 2026-03-09. The filing does not include a late‑filing flag.
- Award size and value: 19,463 RSUs granted; reported acquisition price $0.00 (award/compensation), no cash paid.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1: Each RSU represents a right to receive one share of common stock.
- F2: RSUs vest in three equal annual installments: 3/5/2027, 3/5/2028, and 3/5/2029.
- Transaction type: Derivative award (A = grant/award).
Context
- RSU awards are a form of equity compensation and do not represent an immediate market purchase or sale; shares are delivered when RSUs vest (per the schedule above).
- Such grants are routine for executive pay and should be viewed as compensation rather than a direct buy/sell signal.
Insider Transaction Report
Form 4
Fonti Seth
EVP/Chief Financial Officer
Transactions
- Award
Restricted Stock Unit
[F1][F2]2026-03-05+19,463→ 19,463 totalExercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (19,463 underlying)
Holdings
- 32,188
Common Stock, No Par Value
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 Seth Fonti|2026-03-09