Form 4: Bancorp, Inc. Executive Jennifer F. Terry Sells Shares for Home Purchase

Jennifer F. Terry, EVP and Chief HR Officer of Bancorp, Inc., sold 11,256 shares of common stock at $32.18 per share on May 3, 2024, to fund the purchase of a primary residence.

Summary

• On May 3, 2024, Jennifer F. Terry, the EVP and Chief HR Officer of Bancorp, Inc. (TBBK), sold 11,256 shares of the company's common stock.
• The sale price was $32.18 per share.
• Following the transaction, Terry directly owns 15,262 shares of Bancorp, Inc.
• Terry also indirectly owns 1,882 shares through a 401(k) plan account.
• The proceeds from the stock sale will be used to purchase a primary residence.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. The stated reason for the sale (home purchase) is neutral and doesn't necessarily indicate a positive or negative outlook for the company.

Management Comments

• The proceeds of this stock sale will be utilized for the purchase of a primary residence.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the context of the sale, such as the stated reason (home purchase), the amount of stock sold relative to total holdings, and whether other executives are engaging in similar transactions.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the stated reason and the relatively small number of shares sold.

Key Dates