Form 4: The Bancorp CFO Paul Frenkiel Reports Stock Transactions
SEC Form 4 Filing
Paul Frenkiel, CFO and EVP of The Bancorp, Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 10, 2025, Paul Frenkiel acquired 11,618 shares of common stock through restricted stock units.
- On February 11, 2025, Frenkiel disposed of 6,048 shares of common stock at an average price of $62.29 to cover taxes due upon vesting of restricted stock units.
- Following these transactions, Frenkiel directly owns 184,148 shares of common stock and indirectly owns 5,222 shares through a 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is a common practice in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Acquisition of 11,618 shares of common stock through restricted stock units. |
| 02/11/2025 | Disposal of 6,048 shares of common stock to cover taxes due upon vesting of restricted stock units. |
| 02/12/2025 | Date of signature for the Form 4 filing. |
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