Form 4: The Bancorp Director Cheryl Creuzot Reports Acquisition of Restricted Stock Units

Director Cheryl Creuzot reports acquisition of 2,784 restricted stock units in The Bancorp, Inc., vesting in one year.

Summary

• On May 30, 2024, Cheryl Creuzot, a director of The Bancorp, Inc. (TBBK), acquired 2,784 restricted stock units.
• These restricted stock units represent the right to receive one share of common stock of The Bancorp, Inc. upon vesting.
• The restricted stock units will vest in full one year from the date of grant.
• Following the transaction, Ms. Creuzot beneficially owns 8,404 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of stock units being granted to a director, which is neither overwhelmingly positive nor negative.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units will vest in full one year from the date of grant, indicating a future event tied to the company's stock.

Industry Context

Directors receiving stock-based compensation is a common practice in the financial industry to align their interests with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it aligns the director's interests with those of the shareholders.

Key Dates