TEXAS CAPITAL BANCSHARES INC/TX·4

Jul 6, 4:52 PM ET

Oman David W 4

Research Summary

AI-generated summary

Updated

Texas Capital (TCBI) CRO David Oman Converts RSUs; 1,357 Shares Withheld

What Happened

  • David W. Oman, Chief Risk Officer of Texas Capital Bancshares (TCBI), had 2,748 restricted stock units convert into common shares on July 1, 2026. The RSUs converted at no exercise price ($0.00).
  • To cover the tax liability, 1,357 shares were withheld/disposed at $104.54 per share, totaling $141,861. The net shares retained from this vesting are 1,391 (2,748 converted minus 1,357 withheld).

Key Details

  • Transaction date: July 1, 2026; Filing date: July 6, 2026 (Form 4 reports the 7/1 transaction).
  • Conversion: 2,748 RSUs converted to common stock (derivative conversion, code M) at $0.00.
  • Tax withholding: 1,357 shares surrendered (code F) at $104.54/share = $141,861.
  • Shares owned after transaction: Not specified in the summary data provided in this request (see the SEC filing for the exact post-transaction beneficial ownership).
  • Footnote: F1 — The restricted stock units vest in three equal annual installments beginning July 1, 2025.
  • Transaction type: Award vesting with share withholding for taxes (not an open-market sale or buy).

Context

  • This was a routine vesting/conversion of RSUs with shares withheld to satisfy tax withholding — commonly referred to as share withholding rather than an open-market sale. Such withholding is administrative and does not necessarily indicate insider sentiment about the stock.
  • Net new shares to the insider from this vesting were 1,391; purchases are generally more informative about insider bullishness than routine vesting events. For full details and timeliness, consult the SEC Form 4 filing (accession 0002026535-26-000005).