Director Stallings adds 25,500 Texas Capital (TCBI) preferred shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Texas Capital Bancshares director Robert W. Stallings reported open-market purchases of the company’s preferred stock. On March 5, he bought 20,000 Depositary Shares for Series B Preferred Stock at $22.69 per share. On March 6, he bought an additional 5,500 depositary shares at $22.80 per share.
After these trades, he directly holds 175,087 depositary shares. He also reports indirect ownership of 360,913 depositary shares and 90,039 common shares through SCG Ventures LP, and 60,000 depositary shares through The Stallings Foundation, plus 293,291 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,500 shares ($579,200)
Net Buy
6 txns
Insider
STALLINGS ROBERT W
Role
Director
Bought
25,500 shs ($579K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares for Series B Preferred Stock | 5,500 | $22.80 | $125K |
| Purchase | Depositary Shares for Series B Preferred Stock | 20,000 | $22.69 | $454K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares for Series B Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Depositary Shares for Series B Preferred Stock — 175,087 shares (Direct);
Common Stock — 90,039 shares (Indirect, SCG Ventures LP);
Depositary Shares for Series B Preferred Stock — 60,000 shares (Indirect, Stallings Foundation);
Common Stock — 293,291 shares (Direct)
Footnotes (1)
- Each Depositary Share represents a 1/40th interest in a share of the issuer's 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $.01 per share. The stated price represents the average based on prices ranging from $22.5621 to $22.8798. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided. The stated price represents the average based on prices ranging from $22.75 to $22.8009. Upon request from the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price will be provided. SCG Ventures LP is owned by the RWS Investment Trust (49.5%), the LES Investment Trust (49.5%) and Stallings Management LLC (1%), its general partner. Stallings Management LLC is owned by Mr. and Mrs. Stallings (100%). The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.
FAQ
What insider transaction did Robert W. Stallings report for TCBI?
Robert W. Stallings reported buying 25,500 Depositary Shares for Series B Preferred Stock of Texas Capital Bancshares in open-market trades, at prices of $22.69 and $22.80 per share, increasing his direct preferred holdings to 175,087 depositary shares.
What indirect holdings in TCBI securities are reported for Robert W. Stallings?
The filing shows indirect ownership through SCG Ventures LP of 360,913 Depositary Shares for Series B Preferred Stock and 90,039 shares of common stock, plus 60,000 preferred depositary shares held via The Stallings Foundation, where he is an officer.