Form 4: Bancorp Inc. EVP and General Counsel Thomas G. Pareigat Reports Stock Sale

Thomas G. Pareigat, EVP and General Counsel of Bancorp, Inc., reported the sale of 5,466 shares of common stock on November 5, 2024, at an average price of $49.0271.

Summary

• Thomas G. Pareigat, an Executive Vice President and General Counsel at Bancorp, Inc. (TBBK), filed a Form 4 with the SEC.
• The form details changes in his beneficial ownership of Bancorp, Inc. stock.
• On November 4, 2024, Mr. Pareigat acquired 2,500 shares of common stock as a gift.
• On November 5, 2024, he sold 5,466 shares of common stock at an average price of $49.0271.
• The sales occurred at prices ranging from $48.98 to $49.10.
• Following these transactions, Mr. Pareigat directly owns 73,114 shares of common stock.
• He also indirectly owns 4,319 shares through a 401(k) plan account.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.

Key Dates