Form 4: Bancorp, Inc. Executive Matthew J. Wallace Reports Stock Transactions
SEC Form 4 Filing
EVP and CIO of Bancorp, Inc., Matthew J. Wallace, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 10, 2025, Matthew J. Wallace, EVP and CIO of Bancorp, Inc., reported transactions involving the company's common stock.
- Wallace acquired 14,107 shares of common stock through the vesting of restricted stock units.
- He also disposed of 7,714 shares to cover tax obligations related to the vesting of these units at an average price of $60.4325.
- Following these transactions, Wallace directly owns 81,191 shares of Bancorp, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock. It's a standard practice across publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock acquisition and disposal transactions. |
| 02/12/2025 | Date of signature by attorney-in-fact. |
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