4/A: BankUnited CEO Corrects Stock Unit Reporting Error in Amended SEC Filing
SEC Filing (Form 4/A)
Rajinder P. Singh, President and CEO of BankUnited, Inc., files an amended SEC Form 4 to correct a previously reported error in the number of restricted stock units vested.
Summary
- Rajinder P. Singh, the President and CEO of BankUnited, Inc., filed an amended Form 4 with the SEC on March 18, 2025, to correct an error in a previous filing from March 14, 2025.
- The amendment addresses the number of restricted stock units (RSUs) that vested.
- The corrected filing indicates that 58,099 units vested on March 12, 2025, instead of the originally reported 58,009 units.
- Consequently, the total number of units beneficially owned following the reported transaction is now 67,890, instead of the previously reported 67,980.
- The RSUs were granted under BankUnited's 2014 and 2023 Omnibus Equity Incentive Plans, with vesting schedules extending through December 31, 2026.
Sentiment
Score: 7
Explanation: The document is a routine correction of a filing error, which has a neutral to slightly positive sentiment as it demonstrates transparency and adherence to regulatory requirements.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction involving restricted stock units. |
| 03/14/2025 | Date of original Form 4 filing containing the error. |
| 03/18/2025 | Date of amended Form 4 filing to correct the error. |
| 12/31/2024 | Date when 40,130 units vested under the 2014 plan and 17,969 units vested under the 2023 plan. |
| 12/31/2025 | Date when 31,952 units will vest under the 2014 plan and 17,969 units will vest under the 2023 plan. |
| 12/31/2026 | Date when 17,969 units will vest under the 2023 plan. |
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