Alvarado Anna M 4

What Happened

• Anna M. Alvarado, Chief Legal Officer of Texas Capital Bancshares, had 1,276 shares acquired on Feb 13, 2026 via exercise/conversion of a derivative (reported as code M). To cover tax withholding (code F), 503 of those shares were surrendered at $103.42 per share for a total of $52,020. Net shares retained from this event: 773 shares (1,276 acquired − 503 withheld).
• This appears to be the conversion/vesting of restricted stock units (see footnote F2) rather than an open-market purchase or sale; the withholding is a routine tax settlement.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (appears timely).
• Exercise/conversion: 1,276 shares acquired @ $0.00 (code M).
• Tax withholding/disposition: 503 shares disposed @ $103.42 = $52,020 (code F).
• Footnotes: F2 — restricted stock units vest in three equal annual installments beginning Feb 16, 2025. F1 — N/A.
• Shares owned after transaction: not provided in the excerpt of the filing.

Context

• Code M indicates conversion/exercise of a derivative (here consistent with RSU vesting); code F indicates shares were surrendered to satisfy tax withholding — a common, administrative step that results in a partial “sell to cover” rather than a discretionary market sale.
• Such compensation-related conversions and withholdings are routine and do not by themselves imply the insider is buying or selling shares as an investment signal.