Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 69

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 69
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 life of outstanding (in years)0.000.000.00Compensation expense$— $— $— Unrecognized compensation expense$— $— $— Intrinsic value of exercised$— $— $64,000 A summary of the Company’s stock-settled RSU activity and related information is as follows. Grants of stock-settled RSUs include time-based vesting conditions that generally vest ratably over a period of three years. Additionally, from time to time, grants of stock-settled RSUs with both time-based and performance-based vesting conditions are made that generally vest at the end of a three year period. December 31, 2024December 31, 2023December 31, 2022  RSUsWeightedAverageGrant Date Fair ValueRSUsWeightedAverageGrant Date Fair ValueRSUsWeightedAverageGrant Date Fair ValueOutstanding at beginning of year1,081,679 $66.91 1,155,652 $61.12 1,206,862 $56.06 Granted421,642 63.98 405,434 68.63 453,323 68.15 Vested(528,208)63.56 (355,046)50.79 (308,771)54.51 Forfeited(120,462)67.14 (124,361)66.98 (195,762)58.42 Outstanding at year-end854,651 $67.48 1,081,679 $66.91 1,155,652 $61.12 Compensation expense$20,212,000 $24,200,000 $21,246,000 Unrecognized compensation expense$24,014,000 $28,585,000 $32,148,000 Weighted average years over which unrecognized compensation expense is expected to be recognized1.761.892.31Fair value of shares vested during the year$33,572,000 $18,117,000 $16,835,000 Intrinsic value of shares vested during the year$32,049,000 $20,125,000 $18,640,000 The grant date fair value of stock-settled RSUs and performance awards that do not contain market conditions is equal to the market price of common stock on the