Flagstar (NYSE: FLG) EVP awarded shares, surrenders stock to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLAGSTAR BANK, NATIONAL ASSOCIATION executive Bryan Marx, EVP & Principal Accounting Officer, received a grant of 24,590 shares of common stock as a stock award. The award carried no cash exercise price.
On the same date, 3,676 shares were surrendered back to the company to cover tax obligations when restrictions lapsed. After these transactions, Marx directly owned 89,923 shares, a total that includes service-based restricted stock units that will vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Marx Bryan
Role
EVP & Princ Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,590 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,676 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 93,599 shares (Direct)
Footnotes (1)
- Total includes service based restricted stock units that will vest in shares of Issuer's common stock over the passage of time. These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
FAQ
What insider transaction did FLG executive Bryan Marx report on this Form 4?
Bryan Marx reported a stock award of 24,590 FLG common shares and a related surrender of 3,676 shares to cover taxes. These transactions are compensation-related rather than open-market trades and reflect routine equity-based pay for a senior executive.
What type of equity compensation did FLG grant to Bryan Marx?
FLAGSTAR granted 24,590 shares of common stock to Bryan Marx as a stock award. Footnotes note that his total holdings include service-based restricted stock units that will vest in common shares over time, reflecting ongoing equity-based executive compensation.