Nelson Adam D 4
4 · Triumph Financial, Inc. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Triumph Financial (TFIN) EVP Adam D. Nelson Receives RSU Awards
What Happened Adam D. Nelson, EVP and General Counsel of Triumph Financial (TFIN), was granted RSU awards totaling 7,992 shares on 2026-05-01 (1,850 + 2,710 + 3,432). No cash was paid for the awards (price $0.00). To cover tax withholding on the vesting, 1,194 shares were surrendered/forfeited at an effective withholding price of $67.55 per share, totaling $80,655 (reported as a disposition under code F). The awards include performance-based RSUs and units that vest over time.
Key Details
- Transaction date: 2026-05-01 (filed 2026-05-05).
- Grants/Acquisitions (code A): 1,850 shares; 2,710 shares (performance-based); 3,432 shares (reported as derivative RSUs). All granted at $0.00 per share.
- Tax withholding (code F): 1,194 shares withheld at $67.55/share = $80,655. This is a withholding/forfeiture to satisfy tax obligations, not an open-market sale.
- Reported holdings (per footnote): 23,737 shares beneficially owned and 4,461 restricted shares/RSUs subject to future vesting requirements.
- Relevant footnotes: F1 (RSUs vest ratably over four years), F2 (performance-based RSUs), F3 (shares forfeited to cover tax withholding).
- Filing timing: Form 4 lists transactions on 5/1/2026 and was filed 5/5/2026 (check filing timeliness if timing is a concern).
Context These entries reflect compensation-related equity awards (RSUs) and the routine withholding of shares to cover tax obligations. RSU grants are not open-market purchases or sales and typically vest over time (here, ratably over four years); the 2,710-share grant is tied to performance goals. The 1,194-share disposition is a tax-withholding action, common when RSUs vest, and should not be interpreted the same as a discretionary sale of shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-01+1,850→ 26,682 total - Award
Common Stock
[F2]2026-05-01+2,710→ 29,392 total - Tax Payment
Common Stock
[F3][F4]2026-05-01$67.55/sh−1,194$80,655→ 28,198 total - Award
Employee Stock Options
[F5][F6]2026-05-01+3,432→ 3,432 totalExercise: $67.55Exp: 2036-05-01→ Common Stock (3,432 underlying)
- 4,409
Employee Stock Options
[F5][F6]Exercise: $54.38Exp: 2035-05-01→ Common Stock (4,409 underlying) - 2,010
Employee Stock Options
[F6][F5]Exercise: $72.00Exp: 2034-05-01→ Common Stock (2,010 underlying) - 2,976
Employee Stock Options
[F5][F6]Exercise: $51.25Exp: 2033-05-01→ Common Stock (2,976 underlying)
Footnotes (6)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest on the ratably on each of the first four anniversaries of the grant date.
- [F2]Represents the number of shares earned upon satisfaction of performance goals in connection with performance-based restricted stock units.
- [F3]Represents the number of shares forfeited to cover tax withholding obligations in connection with the vesting of restricted stock units and performance awards.
- [F4]Consists of (i) 23,737 shares beneficially owned by reporting person, and (ii) 4,461 shares of restricted stock or restricted stock units of the reporting person subject to future vesting requirements.
- [F5]Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.
- [F6]Exercise of the employee stock option is subject to vesting over four years from the date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.