Bancorp, Inc. (TBBK) director awarded 3,600 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRYNISKI MARK E reported acquisition or exercise transactions in this Form 4 filing.
Bancorp, Inc. director Mark E. Tryniski reported receiving a grant of 3,600 shares of common stock in the form of restricted stock units. These units carry no purchase price and each unit represents one share of common stock upon vesting. The award will vest in full one year from the grant date. After this grant, Tryniski directly holds a total of 22,566 shares of Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TRYNISKI MARK E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,566 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 3,600 shares
Grant price per share: $0.00 per share
Shares after transaction: 22,566 shares
+1 more
4 metrics
RSU grant size
3,600 shares
Restricted stock units granted to director on acquisition date
Grant price per share
$0.00 per share
Compensation award, not an open-market purchase
Shares after transaction
22,566 shares
Total common stock directly held after the grant
Vesting period
1 year
RSUs vest in full one year from grant date
Key Terms
restricted stock units, vesting, Form 4
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.
vesting financial
"common stock of The Bancorp, Inc. upon vesting. The restricted stock units shall vest in full one year"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Bancorp, Inc. (TBBK) report for Mark E. Tryniski?
Bancorp, Inc. reported that director Mark E. Tryniski received a grant of 3,600 restricted stock units. Each unit represents one share of common stock, increasing his direct holdings to 22,566 shares after the award.
What are the vesting terms of Mark E. Tryniski’s restricted stock units at Bancorp, Inc.?
The restricted stock units granted to Mark E. Tryniski will vest in full one year from the grant date. Once vested, each unit converts into one share of Bancorp, Inc. common stock, subject to the stated vesting schedule.
Was Mark E. Tryniski’s Bancorp, Inc. Form 4 transaction an open-market buy or a stock grant?
The transaction was a stock grant, not an open-market purchase. Mark E. Tryniski received 3,600 restricted stock units at a stated price of $0.00 per share as a compensation-related award from Bancorp, Inc.