BankUnited (BKU) subsidiary officer granted 8,690 restricted share units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BankUnited, Inc. reported that subsidiary officer Rishi Bansal received a grant of 8,690 restricted share units on common stock as equity compensation. 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 in three installments: 2,897 units on December 31, 2026, 2,896 units on December 31, 2027, and 2,897 units on December 31, 2028. Following this grant, Bansal holds 21,132 restricted share units in total, reflecting a routine compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bansal Rishi
Role
Officer of Subsidiary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 8,690 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 21,132 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. 2,897 units will vest on December 31, 2026; 2,896 on December 31, 2027; and 2,897 on December 31, 2028.
Key Figures
RSUs granted: 8,690 units
RSUs after grant: 21,132 units
First vesting tranche: 2,897 units
+3 more
6 metrics
RSUs granted
8,690 units
Restricted share unit grant on April 1, 2026
RSUs after grant
21,132 units
Total restricted share units held following transaction
First vesting tranche
2,897 units
Scheduled to vest on December 31, 2026
Second vesting tranche
2,896 units
Scheduled to vest on December 31, 2027
Third vesting tranche
2,897 units
Scheduled to vest on December 31, 2028
Exercise price
$0.00 per unit
Restricted share units granted at no exercise cost
Key Terms
Restricted Share Unit, Omnibus Equity Incentive Plan, fair market value, settlement
4 terms
Omnibus Equity Incentive Plan financial
"Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan"
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
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.
settlement financial
"represents the right to receive, at settlement, one share of common stock or cash"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What did BankUnited (BKU) disclose about Rishi Bansal in this Form 4?
BankUnited disclosed that subsidiary officer Rishi Bansal received a grant of 8,690 restricted share units. These units are a form of equity compensation tied to BankUnited common stock and will settle in shares or cash based on fair market value at vesting.
Is Rishi Bansal’s BKU Form 4 transaction an open-market stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not an open-market purchase. The 8,690 restricted share units were issued with a transaction code A, indicating a grant or award under BankUnited’s 2023 Omnibus Equity Incentive Plan.