CBNK Form 4: Michael Breckheimer vests 23,102 RSUs, sells 7,127
Rhea-AI Filing Summary
Michael Breckheimer, SVP and Head of Windsor Advantage at Capital Bancorp Inc (CBNK), reported insider transactions dated 10/02/2025. He received 23,102 Restricted Stock Units (RSUs) (Code M) that vest on 10/02/2025, recorded at $0, which increased his direct beneficial ownership to 39,548 shares before a sale. On the same date he disposed of 7,127 shares (Code F) at a price of $31.04, leaving him with 32,421 shares beneficially owned. The filing also lists multiple stock option grants received in a merger with specified strike prices and vesting schedules and an additional 600 RSU grant vesting in four annual installments beginning 03/03/2026. The form is signed on 10/03/2025.
Positive
- 23,102 RSUs vested on 10/02/2025, increasing direct holdings
- Multiple stock options retained post‑merger with explicit strike prices and vesting schedules, supporting retention
Negative
- Sale of 7,127 shares at $31.04 on 10/02/2025, reducing beneficial ownership to 32,421 shares
Insights
Insider compensation and sales occurred concurrently, showing routine post‑deal vesting and partial sell‑down.
The filing shows a 23,102 RSU vesting event on 10/02/2025 and a contemporaneous sale of 7,127 shares at $31.04. Such patterns are common when RSUs vest and executives sell shares to cover taxes or rebalance holdings; both transactions are reported as direct beneficial ownership changes.
The reporting clarifies post‑merger equity conversions and multiple option grants with explicit strike prices and vesting schedules, indicating negotiated compensation from a prior merger rather than new ad hoc grants.
Multiple option strikes and RSU schedules reflect merger consideration and staggered vesting.
The filing details option grants converted in the merger with strike prices from $8.77 to $30.51 and staggered vesting terms (some vesting partially on 10/01/2024 and thereafter). This preserves long‑term retention incentives while the immediate RSU vesting provided 23,102 shares on 10/02/2025.
The presence of a 600 RSU award vesting in four equal annual installments beginning 03/03/2026 indicates ongoing deferred compensation design.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,102 | $0.00 | -- |
| Exercise | Common Stock | 23,102 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,127 | $31.04 | $221K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive one share of common stock. The Restricted Stock Unit will vest on 10/2/2025. Received in the Merger in exchange for an employee stock option to acquire 1,500 shares of IFHI common stock for $21.60 per share. The stock options vest 100% on October 1, 2024. Received in the Merger in exchange for an employee stock option to acquire 750 shares of IFHI common stock for $14.18 per share. The stock options vest 100% on October 1, 2024. Received in the Merger in exchange for an employee stock option to acquire 2,000 shares of IFHI common stock for $23.95 per share. The stock options vest 80% on October 1, 2024 and the remaining 20% on January 1, 2025. Received in the Merger in exchange for an employee stock option to acquire 2,000 shares of IFHI common stock for $31.00 per share. The stock options vest 60% on October 1, 2024 and 20% on each of January 1, 2025 and January 1, 2026. Received in the Merger in exchange for an employee stock option to acquire 1,000 shares of IFHI common stock for $26.00 per share. The stock options vest 40% on October 1, 2024 and 20% on each of September 21, 2025, September 21, 2026 and September 21, 2027. Received in the Merger in exchange for an employee stock option to acquire 1,000 shares of IFHI common stock for $29.00 per share. The stock options vest 20% on October 1, 2024 and 20% on each of January 25, 2025, January 25, 2026, January 25, 2027 and January 25, 2028. The Stock Options vest in four equal annual installments beginning on the first anniversary of the date of grant. The Restricted Stock Unit will vest in four equal annual installments beginning 3/3/2026.
