Rafferty Michael P 4

What Happened

• Michael P. Rafferty, a director of Triumph Financial, received a grant of 1,528 restricted stock units (RSUs) on May 1, 2026. The award was reported as an acquisition (grant) at $0.00, i.e., no cash was paid for the shares. Footnote F1 says these are time‑vested RSUs that vest one year from the award date.

Key Details

• Transaction date and type: 2026-05-01 — Award/Grant (code A) of 1,528 RSUs at $0.00 per share.
• Vesting: Footnote F1 — RSUs vest one year from the date of award (expected vest date 2027-05-01).
• Beneficial ownership summary (per footnote F2): consists of 20,909 shares directly owned, 1,258 restricted shares/RSUs subject to future vesting, and 16,134 shares owned jointly with spouse Linda Rafferty. The new 1,528 RSUs are additional time‑vesting units.
• Filing timeliness: Report filed 2026-05-05 for a 2026-05-01 transaction; the Form 4 was filed within the standard two business‑day window and is not marked late.
• Other footnotes: F3 describes depository shares for a preferred series (not directly part of this RSU grant).

Context

• This was a compensation award (RSUs), not an open‑market purchase or sale. Such grants are routine executive/director compensation and represent future equity compensation if vesting conditions are met, rather than an immediate cash investment signal.