Form 4: Bancorp Executive Reports RSU Vesting and Tax-Related Sale

Bancorp's EVP and Head of Credit Markets, Mark Leo Connolly, reported the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations.

Summary

• Mark Leo Connolly, EVP and Head of Credit Markets at Bancorp, Inc. (TBBK), was granted 20,145 restricted stock units (RSUs) on February 9, 2026.
• Each RSU represents the right to receive one share of common stock upon vesting, with vesting occurring annually in three equal installments.
• On February 11, 2026, Connolly disposed of 9,890 shares of common stock to satisfy tax obligations arising from the vesting of restricted stock units.
• The shares were sold at an average price of $57.1204, with prices ranging from $56.94 to $57.30.
• Following these transactions, Connolly directly beneficially owns 255,704 shares of common stock.
• Additionally, Connolly indirectly beneficially owns 4,346 shares through a 401(k) plan account.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. The RSU grant is a positive for executive alignment, while the tax-related sale is a routine and expected part of equity compensation, not indicative of a negative outlook.

Positives

• The grant of 20,145 restricted stock units aligns executive incentives with shareholder interests, promoting long-term commitment and performance.
• The vesting of RSUs represents a successful compensation event for the executive, indicating continued value creation.

Negatives

• The sale of 9,890 shares, while for tax purposes, reduces the executive's direct beneficial ownership in the company.

Future Outlook

The restricted stock units granted are scheduled to vest annually in three equal installments, indicating future share issuances to the executive.

Management Comments

• Shares were sold to pay the taxes due upon the vesting of restricted stock units.

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive stock ownership and compensation activities, which are standard practices across the financial services industry. Such routine transactions are common for executives receiving equity-based compensation.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and ownership changes, which can influence perceptions of management alignment.

Next Steps

• The remaining restricted stock units will vest annually in two additional equal installments.

Key Dates

Keywords

Bancorp, TBBK, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Stock Sale, Tax Withholding