Angela Harper - 04 Feb 2022 Form 4 Insider Report for Veritex Holdings, Inc. (VBTX)

Role
EVP, Credit Risk Officer
Signature
/s/ C. Malcolm Holland, III, by power of attorney
Issuer symbol
VBTX
Transactions as of
04 Feb 2022
Net transactions value
-$54,815
Form type
4
Filing time
10 Feb 2022, 20:34:28 UTC
Previous filing
20 Apr 2022
Next filing
01 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VBTX Common Stock Options Exercise $0 +1,076 +3% $0.000000 37,035 04 Feb 2022 Direct F1, F2, F3
transaction VBTX Common Stock Tax liability $10,580 -262 -0.71% $40.38 36,773 04 Feb 2022 Direct F1, F2, F3
transaction VBTX Common Stock Options Exercise $0 +4,570 +12% $0.000000 41,343 04 Feb 2022 Direct F1, F2, F3
transaction VBTX Common Stock Tax liability $44,235 -1,112 -2.7% $39.78 40,231 04 Feb 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VBTX Restricted Stock Units Options Exercise $0 +1,076 +100% $0.000000 2,154 04 Feb 2022 Common Stock 1,076 Direct F4, F5
transaction VBTX Restricted Stock Units Award $0 +4,570 $0.000000* 0 04 Feb 2022 Common Stock 4,570 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's original Form 3, and two subsequently filed Form 4s incorrectly reported 10,000 shares of Issuer common stock as owned directly through a personal IRA. As indicated in this Form 4, the reporting person holds 5,000 shares of Issuer common stock in her personal IRA.
F2 10,000 shares held in the name of Pershing LLC as custodian of the reporting person's personal IRA.
F3 Shares held in the name of Pershing LLC custodian of personal IRA.
F4 Each restricted stock unit ("RSU") represents a right to receive at settlement one share of common stock of the Company.
F5 The restricted stock units are subject to graded vesting over three years with vesting dates of February 1, 2022, February 1, 2023 and February 1, 2024
F6 On January 1, 2019, the reporting person was granted an award of 4,570 restricted stock units subject to certain terms and conditions that was not required to be reported. The number of restricted stock units eligible for vesting was based on certain performance objectives and market conditions as of December 31, 2021 and determined on January 1, 2022. The performance objectives and market conditions were met for the period, resulting in the eligibility for vesting of all 4,570 restricted stock units.