Bancorp (TBBK) CAO gets 5,136-share award, disposes 1,005 for taxes
Rhea-AI Filing Summary
The Bancorp, Inc. Chief Accounting Officer Martin Egan reported equity compensation and related tax withholding transactions in company stock. On 02/09/2026, he acquired 5,136 shares of common stock as a grant of restricted stock units that vest annually in three equal installments. On 02/11/2026, 1,005 shares were disposed of at an average price of $57.4145 to pay taxes due upon vesting. After these transactions, he held 33,276 common shares directly, plus indirect holdings through a 401(k) plan account and his spouse’s accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,005 | $57.4145 | $58K |
| Grant/Award | Common Stock | 5,136 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 $57.25 to $57.78.
FAQ
What insider transactions did TBBK’s Chief Accounting Officer report?
The Chief Accounting Officer reported a grant and a tax-related share sale. He received 5,136 shares of Bancorp common stock from restricted stock units and later disposed of 1,005 shares to cover taxes related to the vesting.
How do the restricted stock units for TBBK vest for the Bancorp officer?
The restricted stock units vest annually in three equal installments. Each unit represents the right to receive one share of Bancorp common stock upon vesting, aligning the Chief Accounting Officer’s compensation with long-term company performance.