Bancorp (NASDAQ: TBBK) director receives 3,600-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brockman Todd J. reported acquisition or exercise transactions in this Form 4 filing.
Bancorp, Inc. director Todd J. Brockman reported receiving a grant of 3,600 shares of common stock in the form of restricted stock units. These units carry no purchase price and each unit represents the right to receive one share of common stock upon vesting.
The restricted stock units are scheduled to vest in full one year from the grant date, after which the underlying shares will be delivered. Following this award, Brockman directly holds a total of 14,230 shares of Bancorp, Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brockman Todd J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,230 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 3,600 shares
Post-transaction holdings: 14,230 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
3,600 shares
Restricted stock units granted to director on Form 4
Post-transaction holdings
14,230 shares
Total Bancorp, Inc. common stock held directly after grant
Grant price per share
$0.00 per share
Equity award carried no cash purchase price
Vesting period
1 year
Restricted stock units vest in full one year from grant date
Key Terms
restricted stock units, vesting, grant, award, or other acquisition
3 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units, each of which represents the right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"upon vesting. The restricted stock units shall vest in full one year from the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Bancorp, Inc. (TBBK) director Todd J. Brockman report?
Director Todd J. Brockman reported receiving a grant of 3,600 restricted stock units of Bancorp, Inc. common stock. Each unit represents one share to be delivered upon vesting, reflecting a compensation-related equity award rather than an open-market stock purchase.
What are the key terms of Todd J. Brockman’s restricted stock unit grant at Bancorp, Inc. (TBBK)?
Brockman was granted 3,600 restricted stock units, each equal to one share of Bancorp, Inc. common stock. The units vest in full one year from the grant date, at which point the shares are delivered, with no cash purchase price required from the director.
Is Todd J. Brockman’s Form 4 transaction in Bancorp, Inc. (TBBK) an open-market buy or a compensation award?
The Form 4 reports a compensation-related equity award, not an open-market purchase. Brockman received 3,600 restricted stock units classified as a “grant, award, or other acquisition,” with a zero-dollar price, reflecting stock-based compensation from Bancorp, Inc.
When will the restricted stock units granted to Todd J. Brockman by Bancorp, Inc. (TBBK) vest?
The 3,600 restricted stock units granted to Todd J. Brockman are scheduled to vest in full one year from the date of grant. Upon vesting, each unit converts into one share of Bancorp, Inc. common stock, increasing his deliverable share ownership at that time.