Form 4: Bancorp Inc. Executive Mark Leo Connolly Reports Stock Transactions
SEC Form 4 Filing
Mark Leo Connolly, EVP and Head of Credit Markets at Bancorp, Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 10, 2025, Mark Leo Connolly, EVP and Head of Credit Markets at Bancorp, Inc., acquired 16,597 shares of common stock through the granting of restricted stock units.
- These restricted stock units vest annually in three equal installments.
- Connolly also disposed of 8,948 shares of common stock to cover taxes due upon the vesting of restricted stock units, at an average price of $60.2461.
- Following these transactions, Connolly directly owns 245,449 shares of common stock and indirectly owns 4,220 shares through a 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock acquisition and disposal. |
| 02/12/2025 | Date of signature by attorney-in-fact. |
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