Arbour Paola M 4

What Happened
Paola M. Arbour, a director of Texas Capital Bancshares Inc. (TCBI), reported the exercise/conversion of a derivative security on 2026-04-22. The Form 4 shows she acquired 1,670 shares at $0.00 and on the same date disposed of 1,670 shares at $0.00. The filing lists $0 total value for both the acquisition and disposition.

Key Details

• Transaction date: 2026-04-22 (reported on Form 4 filed 2026-04-23)
• Transaction code: M (exercise or conversion of derivative security)
• Shares acquired: 1,670 at $0.00; Shares disposed: 1,670 at $0.00
• Reported dollar value: $0 for both acquisition and disposition as shown on the filing
• Shares owned after transaction: not reported in the provided filing
• Footnote(s): F1 listed as N/A
• Timeliness: filing date is the day after the transaction (no late filing flag reported)

Context
Derivative code M indicates an exercise or conversion (e.g., option exercise or conversion of awards). Because the shares were acquired and disposed on the same day, this appears to be an immediate disposition, but the Form 4 does not specify the method (cashless exercise, sell-to-cover for taxes, or other settlement). A $0.00 price on the form means no cash price is recorded in the filing; it does not, by itself, indicate the insider’s view of the company.