The Bancorp, Inc. (TBBK) EVP reports stock awards, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Bancorp, Inc. executive Mark Leo Connolly reported equity award activity in company common stock. On February 9, 2026, he acquired 20,145 restricted stock units, each representing one share, which will vest in three equal annual installments.
On February 11, 2026, 9,890 shares were disposed of at $57.1204 per share to pay taxes due upon the RSU vesting. Following these transactions, Connolly holds 255,704 shares directly and 4,346 shares indirectly through a 401(k) plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Connolly Mark Leo
Role
EVP and Head of Credit Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,890 | $57.1204 | $565K |
| Grant/Award | Common Stock | 20,145 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 255,704 shares (Direct);
Common Stock — 4,346 shares (Indirect, By 401(k) plan account)
Footnotes (1)
- The Reporting Person was granted restricted stock units, each of which represents the right to receive one share of common stock of The Bancorp, Inc. upon vesting. The restricted stock units shall vest annually in three equal installments. Shares were sold to pay the taxes due upon the vesting of restricted stock units. Shares were sold at prices ranging from $56.94 to $57.30.
FAQ
What insider transactions did TBBK executive Mark Leo Connolly report?
Mark Leo Connolly reported receiving 20,145 restricted stock units and a related tax-withholding share disposal of 9,890 Bancorp, Inc. common shares. These entries reflect equity compensation and tax settlement, not an open-market purchase or discretionary sale of TBBK stock.
How many restricted stock units did TBBK grant to Mark Leo Connolly?
He was granted 20,145 restricted stock units, each equal to one share of The Bancorp, Inc. common stock. The units vest annually in three equal installments, meaning the award converts into shares gradually over a three-year period.
How do the restricted stock units for TBBK’s EVP vest over time?
The restricted stock units granted to the EVP vest annually in three equal installments. Each vested unit converts into one share of The Bancorp, Inc. common stock, spreading the compensation and ownership increase across three separate vesting dates.
Does this TBBK Form 4 indicate an open-market sale by the executive?
The Form 4 indicates a tax-withholding disposition, not a discretionary open-market sale. Shares were sold to cover taxes triggered by RSU vesting, a common administrative transaction associated with stock-based compensation.