---
schema_version: "secwatch.filing_event.v1"
accession: "0001077428-24-000158"
form_type: "8-K"
ticker: "TCBI"
cik: "0001077428"
company_name: "TEXAS CAPITAL BANCSHARES INC/TX"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:14:51.849953+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Texas Capital Bancshares amends CEO agreement with $1.1M base, higher incentives; grants retention RSUs

## Summary
- CEO Rob Holmes signs new 4-year employment agreement with $1.1M base salary; cash incentive target of 200% in 2024 and 180% from 2025, LTI target 400% of base.
- One-time retention RSU award of $4,045,489 (61,491 RSUs) granted to CEO Holmes, cliff-vesting on third anniversary.
- Additional retention RSUs: CFO Scurlock $1M, Cummings $350k, Alvarado $375k, all with 3-year cliff vest.
- Severance: 2x base plus target bonus without cause; 3x upon change-in-control; noncompete for 1 year.
- No tax gross-ups; lifetime medical benefit for CEO and spouse after termination.

## SEC filing metadata
- accession: 0001077428-24-000158
- form_type: 8-K
- ticker: TCBI
- cik: 0001077428
- company_name: TEXAS CAPITAL BANCSHARES INC/TX
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000158/0001077428-24-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077428/000107742824000158/tcbi-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001077428-24-000158
- JSON: https://secwatch.observer/filing/0001077428-24-000158.json
- Plain text: https://secwatch.observer/filing/0001077428-24-000158.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.