BankUnited (NYSE: BKU) CEO exercises 189,876 units and returns shares to issuer
Rhea-AI Filing Summary
BankUnited, Inc. President and CEO Rajinder P. Singh exercised equity awards and returned shares to the company. On March 9, 2026, he exercised 125,012 performance share units and 64,864 restricted share units, receiving the same number of common shares at an exercise price of $0.00 per share.
He then disposed of 189,876 common shares back to the issuer at $44.76 per share. Following these transactions, he directly holds 280,407 common shares and 47,855 restricted share units, with no remaining performance share units outstanding.
Positive
- None.
Negative
- None.
Insights
CEO exercised 189,876 units, then returned the same number of shares to BankUnited.
BankUnited’s President and CEO Rajinder P. Singh converted 125,012 performance share units and 64,864 restricted share units into common stock at $0.00 per share. These awards were previously granted equity compensation that vested by December 31, 2025, as described in the footnotes.
He then disposed of 189,876 common shares to the issuer at $44.76 per share, leaving 280,407 common shares and 47,855 restricted share units directly held after the transactions. With the derivativeSummary showing no remaining units, this filing reflects a significant settlement and share return rather than an open‑market trade, and its impact depends on broader context not visible here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 125,012 | $0.00 | -- |
| Exercise | Restricted Share Unit | 64,864 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 125,012 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 64,864 | $0.00 | -- |
| Disposition | Common Stock, par value $0.01 per share | 189,876 | $44.76 | $8.50M |
Footnotes (1)
- Each performance 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. 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. 125,012 performance share units vested on December 31, 2025 and are fully vested. 31,952 restricted share units that vested on December 31, 2025 were granted under the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. The units granted under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan include 32,912 units that vested on December 31, 2025; 32,912 units that will vest on December 31, 2026; and 14,943 units that will vest on December 31, 2027.