Form 4: The Bancorp, Inc. Officer Reports Stock Transactions
SEC Form 4 Filing
Martin Egan, Chief Accounting Officer of The Bancorp, Inc., reports acquisition and disposal of company stock due to restricted stock unit vesting and tax obligations.
Summary
- On February 10, 2025, Martin Egan, the Chief Accounting Officer of The Bancorp, Inc., engaged in transactions involving the company's common stock.
- Egan acquired 2,771 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Egan disposed of 786 shares to cover tax obligations arising from the vesting of these units at an average price of $60.4914.
- Following these transactions, Egan directly owns 29,145 shares and indirectly owns 6,765 shares through a 401k plan, 1,000 shares through a spouse, and 570 shares through a spouse's IRA.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for officers of publicly traded companies, providing transparency into their stock transactions.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders, as they represent routine stock activity by an officer.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock acquisition and disposal. |
| 02/12/2025 | Date of signature on the Form 4. |
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