Bancorp (TBBK) director receives 2,250 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bancorp, Inc. director Cheryl Creuzot reported receiving a grant of 2,250 restricted stock units, with no cash price per share. Each unit will convert into one share of common stock when it vests in full one year from the grant date. After this award, she holds 11,464 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Creuzot Cheryl
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,250 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,464 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,250 units
Award price per share: $0.00 per share
Shares held after grant: 11,464 shares
+1 more
4 metrics
RSU grant size
2,250 units
Restricted stock units granted to director on reported date
Award price per share
$0.00 per share
Stated transaction price for granted common stock
Shares held after grant
11,464 shares
Total common shares owned directly after transaction
Acquisition transactions in filing
1 transaction
transactionSummary acquireCount for this Form 4
Key Terms
restricted stock units, vest in full, 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.
vest in full financial
"The restricted stock units shall vest in full one year from the date of grant"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Bancorp, Inc. (TBBK) disclose?
Bancorp, Inc. disclosed that director Cheryl Creuzot received a grant of 2,250 restricted stock units. Each unit represents one share of common stock and was awarded at a stated price of $0.00 per share as equity compensation.
What are the terms of the restricted stock units granted by Bancorp, Inc.?
The award consists of restricted stock units, each representing the right to receive one share of Bancorp, Inc. common stock upon vesting. According to the footnote, the units vest in full one year from the date of grant, subject to the award terms.
Was the Bancorp, Inc. (TBBK) equity grant a market purchase or compensation award?
The Form 4 describes the transaction as a grant, award, or other acquisition of common stock, coded “A.” The shares were issued at $0.00 per share, indicating a compensation-related equity award rather than an open-market stock purchase.
Does the Bancorp, Inc. Form 4 show any insider selling activity?
The summarized Form 4 data shows one acquisition transaction and no dispositions. The transactionSummary lists acquireCount of 1 and sellCount of 0, indicating no insider selling was reported in this particular filing.