BankUnited COO Granted 14,740 Restricted Share Units
Cornish Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Cornish Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
BankUnited, Inc. reported that Chief Operating Officer Thomas M. Cornish received a grant of 14,740 restricted share units. Each unit represents the right to receive, at settlement, one share of common stock or cash equal to the fair market value of one share. Following this award, he holds 35,844 restricted share units directly. The grant was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and is scheduled to vest in three tranches on December 31, 2026, December 31, 2027, and December 31, 2028.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 14,740 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted share unit represents the right to receive, at settlement, one share of common stock or cash in an amount equal to the fair market value of one share of common stock.
- F2. Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. 4,913 units will vest on December 31, 2026; 4,914 on December 31, 2027; and 4,913 on December 31, 2028.
Key Figures
Key Terms
Omnibus Equity Incentive Plan financial
vest financial
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What insider transaction did BankUnited (BKU) report for Thomas M. Cornish?
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