BankUnited (BKU) officer gets 4,000-share award and 1,303-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BankUnited, Inc. subsidiary officer Kevin A. Malcolm reported two equity transactions in company common stock. He received a grant of 4,000 restricted shares on March 1, 2026 under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan, which will vest in equal parts over four years, subject to continued service.
On the same date, 1,303 shares of common stock were withheld by the company at a price of $46.70 per share to cover his tax withholding obligation arising from the vesting of restricted shares. These shares were not sold on the open market but retained by the issuer. Following these transactions, he directly owns 14,947 shares of BankUnited common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Malcolm Kevin A.
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 4,000 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 1,303 | $46.70 | $61K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 16,250 shares (Direct)
Footnotes (1)
- Reflects 4,000 restricted shares issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. The restricted shares have a grant date of March 1, 2026, and will vest over a four-year period on each of the four anniversaries from the date of grant, subject to the reporting person's continued service through the vesting date. 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 March 1, 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.
FAQ
What insider transactions did BankUnited (BKU) report for Kevin A. Malcolm?
BankUnited officer Kevin A. Malcolm reported a grant of 4,000 restricted common shares and a withholding of 1,303 shares for taxes on March 1, 2026. Both transactions involve BankUnited, Inc. common stock with a par value of $0.01 per share.
Was the BankUnited (BKU) insider transaction an open-market sale?
No, the filing states the 1,303 shares were withheld by BankUnited to satisfy Malcolm’s tax withholding obligation from vesting restricted shares. The footnote clarifies these shares were not sold by the reporting person in the open market.