Nelson Adam D 4/A

What Happened Adam D. Nelson, EVP and General Counsel of Triumph Financial (TFIN), was granted multiple restricted stock unit (RSU) awards on May 1, 2026 (total grants reported: 1,850 RSUs + 2,017 performance RSUs + 3,432 RSUs (derivative)). On the same date 1,194 shares were surrendered/forfeited to cover tax withholding related to vesting at a value of $67.55 per share, totaling $80,655. The RSU grants are reported at $0 acquisition price because they are awards, not market purchases.

Key Details

• Transaction date: May 1, 2026; Form filed May 5, 2026 and subsequently amended.
• Actions reported: Award/Grant (code A) of 1,850 RSUs, 2,017 performance-based RSUs, and 3,432 RSUs (derivative); Tax withholding/forfeiture (code F) of 1,194 shares at $67.55 ($80,655).
• Vesting / award notes: RSUs vest ratably over the first four anniversaries of the grant (Footnote F1). The 2,017 shares are performance-based (F2).
• Amendment: This filing amends the Form 4 to correct the previously reported number of performance shares from 2,710 to 2,017 (F3).
• Shares owned after transaction: Reporting person beneficially owns 23,044 shares and has 4,461 restricted shares/RSUs subject to future vesting (F5).
• Tax withholding: The 1,194-share disposition represents shares forfeited to cover tax withholding on vesting (routine, F4), not an open-market sale.

Context Tax-withholdings on vested RSUs are routine and typically do not signal a deliberate market sale. These entries are awards (not purchases) and show continued equity compensation. The filing was amended to correct reported share counts; no indication of late reporting beyond the amendment.