Bancorp (TBBK) director receives 3,600 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bancorp, Inc. director James J. McEntee III received an award of 3,600 shares of Common Stock as restricted stock units. These units each convert into one share and will vest in full one year from the grant date. Following this award, his direct ownership is 146,566 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McEntee James J III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 146,566 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 3,600 shares
Grant price: $0.00 per share
Shares after transaction: 146,566 shares
+1 more
4 metrics
RSUs granted
3,600 shares
Restricted stock unit award to director
Grant price
$0.00 per share
Stated price for RSU acquisition
Shares after transaction
146,566 shares
Director’s direct holdings following award
Vesting period
One year from grant date
RSUs vest in full after one year
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 (TBBK) report for James J. McEntee III?
Bancorp reported that director James J. McEntee III received 3,600 restricted stock units of Common Stock as a grant. These units are a form of equity compensation and increase his direct holdings to 146,566 shares after the transaction.
What are the key terms of the restricted stock units granted by Bancorp (TBBK)?
Bancorp granted restricted stock units that each represent the right to receive one share of Common Stock upon vesting. According to the disclosure, these restricted stock units will vest in full one year from the date of grant.
Is the Bancorp (TBBK) Form 4 transaction a market purchase or sale?
The transaction is classified as an acquisition via grant or award, not an open-market trade. James J. McEntee III received 3,600 restricted stock units at a stated price of $0.00 per share as part of his equity compensation.
When will the newly granted Bancorp (TBBK) restricted stock units vest?
The restricted stock units granted to James J. McEntee III will vest in full one year from the grant date. Upon vesting, each restricted stock unit will convert into one share of Bancorp’s Common Stock according to the filing.