BankUnited CFO has 8,937 RSUs vest, 3,517 withheld
Rhea-AI Filing Summary
BankUnited, Inc. (BKU) reported that Chief Financial Officer James G. Mackey had restricted share units vest and convert into common stock and related tax withholding transactions on August 20, 2026. 8,937 restricted share units converted into the same number of common shares, and 3,517 shares were withheld by the company at $46.83 per share to satisfy Mr. Mackey’s tax withholding obligation rather than being sold in the market. Following the vesting, Mr. Mackey held 26,731 restricted share units, with additional tranches of 8,936 units scheduled to vest on August 20, 2027 and 8,937 units on August 20, 2028 under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. The transactions were not reported as being made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit F2, F3 | 8,937 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 8,937 | $0.00 | $0.00 |
| Tax Withholding | Common Stock, par value $0.01 F1 | 3,517 | $46.83 | $165K |
Footnotes (3)
- F1. 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 August 20, 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.
- F2. 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.
- F3. Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. 8,937 units vested on August 20, 2026, 8,936 units will vest on August 20, 2027, and 8,937 will vest on August 20, 2028.
Key Figures
Key Terms
tax withholding obligation financial
2023 Omnibus Equity Incentive Plan financial
FAQ
What did BankUnited (BKU) disclose about CFO James G. Mackey’s Form 4 transactions?
Were the BKU Form 4 transactions made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.