Alvarado Anna M 4

What Happened

• Anna M. Alvarado, Chief Legal Officer of Texas Capital Bancshares (TCBI), had performance-based awards vest and convert into a total of 3,859 shares on Feb 9, 2026. To cover tax withholding, 1,529 of those shares were disposed at $104.62 per share, generating proceeds/withholding of $159,964 (457 shares = $47,811; 1,072 shares = $112,153). The conversions are reported with a $0 exercise price (these were vested performance units, not cash purchases). Net shares added to her holdings: 2,330 shares (3,859 converted − 1,529 withheld).

Key Details

• Transaction date: Feb 9, 2026 (filed Feb 10, 2026 — appears timely).
• Conversion: 3,859 shares reported as exercise/conversion of derivatives (code M) at $0.00.
• Tax withholding: 1,529 shares withheld/disposed (code F) at $104.62 per share; total withholding value $159,964.
• Shares owned after transaction: not specified in the excerpt provided in this summary; see the full Form 4 for post-transaction holdings.
• Footnote: These were performance units granted Feb 9, 2023 that vested on Feb 9, 2026 based on applicable performance goals.

Context

• This was a vesting/conversion of performance awards rather than an open-market purchase or voluntary sale. The withholding of shares to cover tax obligations is a common, routine practice (a form of cashless settlement) and does not by itself indicate an intent to buy or sell additional shares.