Bancorp (TBBK) EVP, COO awarded 25,181 RSUs, sells shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Bancorp, Inc. EVP and COO reported equity compensation and related tax share withholding. On 02/09/2026, the officer was granted 25,181 restricted stock units, each representing one share of common stock, scheduled to vest in three equal annual installments.
On 02/11/2026, 7,950 common shares were disposed of to pay taxes due upon the vesting of restricted stock units at a price of $56.2612 per share, with prices ranging from $55.9779 to $56.375. After these transactions, 127,338 common shares were held directly, with an additional 4,456 shares held indirectly through a 401(k) plan account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Garry Gregor J
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,950 | $56.2612 | $447K |
| Grant/Award | Common Stock | 25,181 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 127,338 shares (Direct);
Common Stock — 4,456 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 $55.9779 to $56.375.
FAQ
What insider activity did Bancorp, Inc. (TBBK) report in this Form 4?
Bancorp, Inc. reported equity transactions by its EVP and COO. The officer received 25,181 restricted stock units and disposed of 7,950 common shares to cover tax obligations tied to vesting, while retaining substantial direct and indirect share ownership afterward.
How many restricted stock units were granted to the Bancorp (TBBK) EVP and COO?
The EVP and COO was granted 25,181 restricted stock units. Each unit represents the right to receive one share of Bancorp common stock, vesting annually in three equal installments, which spreads delivery of the underlying shares over a three-year period following the grant date.
How do the granted Bancorp (TBBK) restricted stock units vest over time?
The 25,181 restricted stock units vest annually in three equal installments. Each vested unit converts into one share of Bancorp common stock, so the officer receives one-third of the total units each year across a three-year vesting schedule, subject to continued service conditions.