Equity award and tax withholding for BankUnited (BKU) subsidiary officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BankUnited, Inc. officer of a subsidiary Jay D. Richards reported equity compensation and related tax withholding transactions in company stock. He received a grant of 14,000 restricted shares on March 1, 2026 under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. These restricted shares vest in four equal annual installments, subject to his continued service. To cover tax obligations from vesting of earlier awards on the same date, 5,185 shares of common stock were withheld by the company at a price of $46.70 per share, rather than being sold on the open market. After these transactions, he directly owned 44,502 shares of BankUnited common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Richards Jay D.
Role
Officer of Subsidiary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 14,000 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 5,185 | $46.70 | $242K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 49,687 shares (Direct)
Footnotes (1)
- Reflects 14,000 restricted shares issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. The restricted shares have a grant date of March 1, 2026, and will vest over a four-year period on each of the four anniversaries from the date of grant, subject to the reporting person's continued service through the vesting date. Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares on March 1, 2026. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.
FAQ
What insider transactions did BankUnited (BKU) report for Jay D. Richards?
Jay D. Richards reported a grant of 14,000 restricted shares and a withholding of 5,185 shares for taxes. Both transactions involved BankUnited common stock and were tied to equity compensation rather than open market trading.
Was the BankUnited (BKU) insider transaction a stock sale by Jay D. Richards?
The filing shows no open market sale by Jay D. Richards. Instead, 5,185 shares were withheld by BankUnited to cover tax obligations from vesting restricted shares on March 1, 2026.
What does the tax withholding transaction mean in the BankUnited (BKU) Form 4?
The tax withholding shows 5,185 shares withheld by BankUnited at $46.70 per share. These shares satisfied Jay D. Richards’ tax liability from vesting restricted stock, rather than representing discretionary selling in the market.