Form 4: The Bancorp CEO Kozlowski Reports Stock Transactions
SEC Form 4 Filing
CEO Damian Kozlowski reports acquisition and disposal of The Bancorp, Inc. stock and stock options.
Summary
- On February 10, 2025, Damian Kozlowski, CEO of The Bancorp, Inc., acquired 41,493 shares of common stock through restricted stock units.
- On February 11, 2025, Kozlowski disposed of 22,218 shares of common stock at an average price of $61.9166 to cover taxes due upon vesting of restricted stock units.
- Following these transactions, Kozlowski directly owns 657,656 shares of common stock.
- Kozlowski also indirectly owns 16,127 shares through a 401(k) plan account and 2,230 shares each through his son's accounts.
- Additionally, Kozlowski was granted stock options to buy 32,624 shares of common stock at an exercise price of $60.25, vesting over four years, and expiring on February 10, 2035.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of earliest transaction; acquisition of common stock and grant of stock options. |
| 02/11/2025 | Sale of common stock to cover taxes. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
| 02/10/2035 | Expiration date of stock options. |
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