VERITEX HOLDINGS,INC. (NASDAQ:VBTX) Files An 8-K Other EventsItem 8.01. Other Events.
Veritex Holdings, Inc. (“Veritex” or the “Company”) today reported that C. Malcolm Holland, III, Chairman of the Board of Directors and Chief Executive Officer, entered into a trading plan (the “Plan”) in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. The Plan, executed on May 14, 2018, during the Company’s open trading window, will expire on or before May 13, 2020.
Mr. Holland entered into the Plan to allow for an orderly sale of the vested performance shares as part of his personal long-term financial planning. The Plan provides for the sale of an aggregate of 15,000 vested performance shares over the next 12 months. Mr. Holland continues to hold a significant number of fully-vested shares, well exceeding all Company guidelines for share ownership. Any transactions under the Plan will be publicly reported through Form 4 filings with the Securities and Exchange Commission.
Other officers or directors of the Company may, in the future, enter into Rule 10b5-1 trading plans related to the Company’s shares. The Company undertakes no obligation to report Rule 10b5-1 trading plans adopted by any of its officers or directors, or to report any modifications or terminations of any publicly announced plans, except to the extent required by law.
About VERITEX HOLDINGS,INC. (NASDAQ:VBTX)
Veritex Holdings, Inc. is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. The Company operates through community banking segment. The Bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a full suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines (ATMs), and banking by telephone, mail and personal appointment. The Bank also offers debit cards, night depository, direct deposit, cashier’s checks and letters of credit, as well as treasury management services.