Nelson Adam D 4

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.