BankUnited (BKU) CFO awarded 8,858 RSUs under 2023 equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mackey James G. reported acquisition or exercise transactions in this Form 4 filing.
BankUnited, Inc. reported that its Chief Financial Officer, James G. Mackey, received a grant of 8,858 restricted share units of common stock. Each unit represents the right to receive one share of common stock or cash equal to its fair market value at settlement. The award was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and vests over three years: 2,953 units on December 31, 2026, 2,952 on December 31, 2027, and 2,953 on December 31, 2028. Following this grant, Mackey directly holds 35,668 restricted share units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mackey James G.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 8,858 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 35,668 shares (Direct)
Footnotes (1)
- 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. Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. 2,953 units will vest on December 31, 2026; 2,952 on December 31, 2027; and 2,953 on December 31, 2028.
Key Figures
RSUs granted: 8,858 units
Total RSUs after grant: 35,668 units
Vesting 2026: 2,953 units
+2 more
5 metrics
RSUs granted
8,858 units
Restricted share unit grant on April 1, 2026
Total RSUs after grant
35,668 units
CFO direct restricted share unit holdings following transaction
Vesting 2026
2,953 units
Portion scheduled to vest on December 31, 2026
Vesting 2027
2,952 units
Portion scheduled to vest on December 31, 2027
Vesting 2028
2,953 units
Portion scheduled to vest on December 31, 2028
Key Terms
Restricted Share Unit, fair market value, 2023 Omnibus Equity Incentive Plan, vesting
4 terms
fair market value financial
"cash in an amount equal to the fair market value of one share of common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
2023 Omnibus Equity Incentive Plan financial
"Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan"
vesting financial
"2,953 units will vest on December 31, 2026; 2,952 on December 31, 2027; and 2,953 on December 31, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did BankUnited (BKU) disclose for its CFO?
BankUnited’s CFO, James G. Mackey, received a grant of 8,858 restricted share units. These units are part of his equity compensation and can settle in common stock or cash based on the fair market value at the time of settlement.
What is the vesting schedule for the new BankUnited (BKU) RSU grant?
The 8,858 restricted share units vest in three installments: 2,953 units on December 31, 2026, 2,952 units on December 31, 2027, and 2,953 units on December 31, 2028. Vesting links the award to multi‑year service and performance alignment.
Under which plan were the BankUnited (BKU) RSUs granted to the CFO?
The restricted share units granted to the CFO were issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. This plan governs equity-based awards designed to align executive compensation with long-term shareholder interests at BankUnited.