SEC Filing Summary for Heritage Commerce Corp (HTBK)

This filing details a significant corporate event for Heritage Commerce Corp (HTBK), involving a merger with CVB Financial Corp. (CVBF). Effective April 17, 2026, all outstanding shares of HTBK common stock were converted into CVBF common stock at an exchange ratio of 0.65 shares of CVBF per HTBK share. This merger also triggered the acceleration and conversion of all HTBK stock awards, including restricted stock units (RSUs) and performance-based RSUs, into the merger consideration. RSUs granted after December 17, 2025, were converted into substitute RSU awards denominated in CVBF common stock. Additionally, Robertson Clay Jones Jr., President and CEO, disposed of 296,959 shares of common stock and various RSUs with a transaction value of $0 on the same date, resulting in zero shares held post-transaction. The filing is an SEC Form 4, indicating a change in beneficial ownership.