Form 4: Bancorp CEO Kozlowski Reports RSU Grant, Tax-Related Sale

Damian Kozlowski, CEO of The Bancorp, Inc., reported the grant of 80,580 restricted stock units and the subsequent sale of 27,263 shares to cover tax obligations.

Summary

• Damian Kozlowski, CEO and Director of The Bancorp, Inc. (TBBK), was granted 80,580 restricted stock units (RSUs) on February 9, 2026.
• These RSUs represent the right to receive one share of common stock each upon vesting, which will occur annually in three equal installments.
• On February 11, 2026, Kozlowski disposed of 27,263 shares of common stock at an average price of $56.1824 per share, with prices ranging from $55.98 to $56.48.
• This disposition was made to cover tax liabilities associated with the vesting of restricted stock units.
• Following these transactions, Kozlowski directly beneficially owns 710,973 shares of common stock.
• He also indirectly owns 16,153 shares through a 401(k) plan account and 2,230 shares through his son, for which he disclaims beneficial ownership except for pecuniary interest.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. The RSU grant aligns executive incentives, while the tax-related sale is a routine, non-discretionary event that does not signal a change in management's outlook.

Positives

• Grant of 80,580 restricted stock units to the CEO, aligning management's interests with long-term shareholder value.

Negatives

• Sale of 27,263 shares, reducing direct beneficial ownership, although this was for tax purposes related to RSU vesting.

Future Outlook

The restricted stock units granted to Damian Kozlowski are scheduled to vest annually in three equal installments, indicating future share issuances linked to continued service.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU grants and subsequent tax-related sales, are common occurrences in publicly traded companies, particularly for executive compensation. These transactions typically reflect pre-arranged compensation plans rather than discretionary market timing.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's interests with long-term shareholder value. The tax-related sale is a minor, non-discretionary event with minimal impact on overall share float or price.

Next Steps

• Restricted stock units will vest annually in three equal installments, leading to future share issuances.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving an RSU grant and a subsequent tax-related sale. It does not provide new fundamental information about the company's performance or strategic direction that would warrant a change in investment recommendation. The transactions are expected and do not signal a shift in management's confidence or the company's outlook.

Keywords

The Bancorp Inc, TBBK, Damian Kozlowski, CEO, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Stock Sale, Tax Withholding, Beneficial Ownership