STALLINGS ROBERT W 4
4 · TEXAS CAPITAL BANCSHARES INC/TX · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Texas Capital (TCBI) Director Robert W. Stallings Buys 25,500 Depositary Shares
What Happened Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), acquired depositary shares representing Series B preferred stock in two open-market purchases: 20,000 depositary shares on 2026-03-05 at $22.69 each for $453,800, and 5,500 depositary shares on 2026-03-06 at $22.80 each for $125,400 — total 25,500 depositary shares for approximately $579,200. These were purchases (code P), which are purchases of depositary shares rather than common stock.
Key Details
- Transaction dates & prices:
- 2026-03-05: 20,000 depositary shares @ $22.69 = $453,800 (F2 notes average based on $22.5621–$22.8798).
- 2026-03-06: 5,500 depositary shares @ $22.80 = $125,400 (F3 notes average based on $22.75–$22.8009).
- Total transaction value: ≈ $579,200.
- Shares owned after transaction: Not specified in the information provided.
- Notable footnotes:
- F1: Each depositary share = 1/40th interest in a share of the issuer’s 5.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series B.
- F2/F3: Prices shown are averages; full per-price breakdown available upon SEC request.
- F4/F5: Footnotes disclose related entities/trusts connected to Mr. Stallings (SCG Ventures LP ownership structure and the Stallings Foundation).
- Filing timeliness: The filing date (2026-03-09) reports trades from 2026-03-05 and 03-06; the provided data does not state whether the Form 4 was late.
Context These purchases were of depositary shares (preferred‑share interest), not common stock — 25,500 depositary shares equal 25,500 ÷ 40 = 637.5 full preferred-share interests. Purchases by insiders are often noted by investors as a stronger signal than sales, but the filing is purely factual and does not state Mr. Stallings’ motivation.
Insider Transaction Report
- Purchase
Depositary Shares for Series B Preferred Stock
[F1][F2]2026-03-05$22.69/sh+20,000$453,800→ 169,587 total - Purchase
Depositary Shares for Series B Preferred Stock
[F1][F3]2026-03-06$22.80/sh+5,500$125,400→ 175,087 total
- 90,039(indirect: SCG Ventures LP)
Common Stock
[F4] - 60,000(indirect: By Foundation)
Depositary Shares for Series B Preferred Stock
[F1][F5] - 293,291
Common Stock
- 360,913(indirect: SCG Ventures LP)
Depositary Shares for Series B Preferred Stock
[F1][F4]
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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%).
- [F5]The Stallings Foundation is a charitable foundation of which Mr. Stallings is an officer.