Oman David W 4

What Happened David W. Oman, Chief Risk Officer of Texas Capital Bancshares (TCBI), exercised/converted 1,306 derivative units into common shares on 2026-01-29. The filing shows 584 of those shares were withheld to satisfy tax withholding at $98.87 per share (total tax withholding = $57,740). Separately, Oman was granted 5,199 restricted stock units (RSUs) on 2026-01-27 (reported as a derivative award).

Key Details

• Transactions reported: 2026-01-27 (grant of 5,199 RSUs) and 2026-01-29 (exercise/conversion of 1,306 derivative units; 584 shares withheld for tax).
• Prices and values: exercise/conversion reported at $0.00 (no cash exercise price). Tax withholding: 584 shares × $98.87 = $57,740 withheld/ disposed.
• Shares owned after the transactions: not specified in the filing.
• Footnotes in the filing:
  • F1: Restricted stock units vest in three equal annual installments beginning January 28, 2026.
  • F2: Restricted stock units vest in three equal annual installments beginning January 27, 2027.
  • F3: N/A
• Filing timeliness: Form filed 2026-01-30; no late filing flag noted in the report.

Context

• The $0.00 exercise price indicates a conversion/settlement of derivative units (e.g., vested RSUs or similar equity awards) rather than a cash-paid option exercise. The withholding of 584 shares to cover taxes is a routine disposition (tax withholding), not an open-market sale.
• Grants and routine tax-withholding transactions generally reflect compensation and tax mechanics more than a direct signal of insider sentiment.