Bancorp (TBBK) director William Lamb awarded 2,250 RSUs and updates holdings
Rhea-AI Filing Summary
Lamb William H reported acquisition or exercise transactions in this Form 4 filing.
Bancorp, Inc. director William H. Lamb reported a compensation-related equity grant and updated indirect holdings. He received 2,250 shares of common stock in the form of restricted stock units at $0.00 per share, increasing his directly held common stock to 213,285 shares.
The restricted stock units each represent one share of Bancorp common stock and will vest in full one year from the grant date. The filing also reports indirect holdings of 7,400 shares held by a child and the child's family and 12,900 shares held by four trusts for his grandchildren, for which Lamb disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lamb William H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,250 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 213,285 shares (Direct);
Common Stock — 12,900 shares (Indirect, By Trusts)
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 in full one year from the date of grant. The Reporting Person is the trustee for four trusts, the beneficiaries of which are the Reporting Person's grandchildren. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Key Figures
RSU grant size: 2,250 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 213,285 shares
+3 more
6 metrics
RSU grant size
2,250 shares
Restricted stock units representing common stock granted to director
Grant price per share
$0.00 per share
RSUs awarded at no cash cost
Direct holdings after grant
213,285 shares
Common stock directly held by William H. Lamb after transaction
Indirect child/family holdings
7,400 shares
Common stock held by child and child's family, beneficial ownership disclaimed
Indirect trust holdings
12,900 shares
Common stock held by four trusts for grandchildren, beneficial ownership disclaimed
RSU vesting schedule
One year from grant date
RSUs vest in full after one year
Key Terms
restricted stock units, beneficial ownership, Section 16, trustee, +1 more
5 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units, each of which represents the right to receive one share of common stock"
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.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of the securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
trustee financial
"The Reporting Person is the trustee for four trusts, the beneficiaries of which are the Reporting Person's grandchildren"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By Child and Child's Family"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bancorp (TBBK) director William H. Lamb report?
William H. Lamb reported receiving 2,250 restricted stock units of Bancorp common stock as a grant. These RSUs were awarded at no cash cost per share and represent a compensation-related acquisition rather than an open-market purchase or sale of existing shares.
When do William H. Lamb’s newly granted Bancorp (TBBK) restricted stock units vest?
The restricted stock units granted to William H. Lamb vest in full one year from the grant date. Each unit will then convert into one share of Bancorp common stock, turning the award into freely owned shares, subject to any applicable company or regulatory restrictions.
What indirect Bancorp (TBBK) holdings are reported for William H. Lamb on this Form 4?
The filing reports 7,400 Bancorp common shares held indirectly by Lamb’s child and the child’s family and 12,900 shares held by four trusts for his grandchildren. Lamb disclaims beneficial ownership of these indirect holdings for Section 16 and any other legal purpose.