Conner Jack W 4

What Happened
Jack W. Conner, a director of Heritage Commerce Corp (HTBK), was granted a restricted stock award of 4,022 shares on March 5, 2026. The shares were reported as acquired at $0.00 (grant value recorded as $0 in the Form 4); vesting is subject to continued employment and occurs on the first anniversary of the grant date.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely — within required filing window).
• Transaction type: Award/Grant (code A). Price reported: $0.00 per share; total reported acquisition value: $0.
• Vesting: Footnote states the restricted award vests on the first anniversary of the grant, subject to continuous employment.
• Ownership after transaction: Not specified in the provided excerpt of the filing.
• Other note: Footnote indicates the reporting person no longer beneficially owns any indirectly held shares due to a transfer of investment control of the trust several years ago.

Context
Restricted stock awards are compensation grants that typically vest over time and do not represent immediate cash proceeds or an open-market purchase. This grant increases Conner’s potential future stake if he remains with the company through the vesting date, but it is not an immediate buy or sale signal.