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The Bancorp, Inc. (TBBK) EVP reports stock awards, tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Connolly Mark Leo

(Last) (First) (Middle)
C/O BANCORP, INC.
409 SILVERSIDE ROAD, SUITE 105

(Street)
WILMINGTON DE 19809

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bancorp, Inc. [ TBBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and Head of Credit Markets
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/09/2026 A 20,145 A (1) 265,594 D
Common Stock 02/11/2026 F(2) 9,890 D $57.1204(3) 255,704 D
Common Stock 4,346 I By 401(k) plan account
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. Shares were sold to pay the taxes due upon the vesting of restricted stock units.
3. Shares were sold at prices ranging from $56.94 to $57.30.
/s/ Martin F. Egan, as attorney-in-fact 02/11/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

Why were 9,890 shares of TBBK stock disposed of in this Form 4?

The 9,890 shares were disposed of to pay taxes due upon the vesting of restricted stock units. The filing notes this as a tax-withholding transaction, with shares sold at prices ranging from $56.94 to $57.30 per share.

What is Mark Leo Connolly’s TBBK share ownership after these transactions?

After the reported transactions, Mark Leo Connolly directly owns 255,704 shares of The Bancorp, Inc. common stock. He also has an additional 4,346 shares held indirectly through a 401(k) plan account, reflecting retirement-plan holdings.

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.
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