Heitel Stephen G. 4

What Happened

• Stephen G. Heitel, a director of Heritage Commerce Corp (HTBK), was granted 4,022 shares as a restricted stock award on March 5, 2026. The grant is reported at $0.00 per share (no cash paid at grant), so the reported acquisition value is $0.

Key Details

• Transaction type: Award/Grant (Form 4 code A)
• Transaction date: 2026-03-05; filing date (Form 4): 2026-03-09 (timely filed)
• Shares granted: 4,022; price per share reported: $0.00; reported cash value at grant: $0
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnote: The restricted stock award vests on the first anniversary of the grant date and is subject to continuous employment with the company (possible forfeiture if employment ends before vesting)

Context

• This was an awarded grant, not an open-market purchase or sale. Restricted stock awards generally do not require immediate cash outlay by the recipient and typically vest over time, aligning the director's interests with long-term shareholder returns.