SA THOMAS A 4
4 · HERITAGE COMMERCE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Heritage Commerce (HTBK) EVP/COO Thomas A. Sa Receives RSU Award
What Happened
Thomas A. Sa, Executive Vice President and COO of Heritage Commerce Corp (HTBK), received a grant of 21,753 restricted stock units (RSUs) on March 5, 2026. The grant is recorded as an acquisition of a derivative security (code A) at $0.00 — RSUs represent a right to receive common shares in the future and do not reflect an immediate cash purchase or sale.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the SEC two-business-day deadline).
- Security: 21,753 restricted stock units (RSUs); reported acquisition price: $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- Each RSU equals the right to receive one share of common stock upon vesting.
- Vesting schedule: three equal annual installments on 3/5/2027, 3/5/2028, and 3/5/2029.
- Transaction type: Award/Grant of derivative securities (code A). No sale or purchase of existing shares occurred.
Context
RSU grants are compensation awards and do not indicate an immediate market purchase or sale; value is realized only as RSUs vest and convert to shares (or are settled per company plan). This is a routine executive equity grant disclosed via Form 4; the filing appears timely.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-03-05+21,753→ 21,753 totalExercise: $0.00From: 2027-03-05Exp: 2029-03-05→ Common Stock, No Par Value (21,753 underlying)
- 37,576
Common Stock, No Par Value
- 25,110
Restricted Stock Unit
Exercise: $0.00From: 2025-11-18Exp: 2027-11-18→ Common Stock, No Par Value (25,110 underlying) - 8,691
Restricted Stock Unit
Exercise: $0.00From: 2026-03-10Exp: 2028-03-10→ Common Stock, No Par Value (8,691 underlying) - 13,036
Performance-Based Restricted Stock Unit
Exercise: $0.00From: 2028-03-10Exp: 2028-03-10→ Common Stock, No Par Value (13,036 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a right to receive one share of Issuer common stock.
- [F2]The restricted stock units vest annually in three equal installments commencing March 5, 2027, the first anniversary of the holder's grant date. The second tranche will vest on 3/5/2028. The remaining RSUs will vest on 3/5/2029.