Bancorp, Inc. (TBBK) director receives 2,250 restricted stock units in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bancorp, Inc. director Allen Dwayne reported an equity compensation grant of company stock. He acquired 2,250 shares of Common Stock at no cash cost through a grant categorized as a grant, award, or other acquisition. Following this award, his direct holdings total 4,663 shares. The grant was made in the form of restricted stock units, each representing one share of common stock that will be delivered upon vesting. The restricted stock units are scheduled to vest in full one year from the grant date, meaning the director must remain eligible through that period to receive the underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Allen Dwayne
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,250 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,663 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant: 2,250 shares
Post-transaction holdings: 4,663 shares
Grant price: $0.00 per share
+2 more
5 metrics
Equity grant
2,250 shares
Restricted stock unit award of Common Stock
Post-transaction holdings
4,663 shares
Total direct common stock held after grant
Grant price
$0.00 per share
Reported transaction price for RSU grant
Vesting period
1 year
RSUs vest in full one year from grant date
Transaction direction
acquire
Classified as grant, award, or other acquisition
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) director Allen Dwayne report?
Allen Dwayne reported receiving 2,250 shares of Bancorp, Inc. common stock as an equity grant. The award is classified as a grant, award, or other acquisition, reflecting routine director compensation rather than an open-market purchase or sale.
What type of equity award did Allen Dwayne receive from Bancorp, Inc. (TBBK)?
He received restricted stock units, each representing the right to one share of Bancorp, Inc. common stock. These units are a form of stock-based compensation that convert into actual shares when vesting conditions are satisfied.
When do Allen Dwayne’s Bancorp, Inc. (TBBK) restricted stock units vest?
The restricted stock units granted to Allen Dwayne vest in full one year from the grant date. Once vested, each unit entitles him to receive one share of Bancorp, Inc. common stock, assuming continued eligibility through that vesting period.
Was there any derivative or option activity in this Bancorp, Inc. (TBBK) Form 4?
No derivative transactions are reported in this Form 4. The derivative section is empty, indicating the reported activity relates solely to non-derivative common stock received through restricted stock units.