Form 4: BankUnited CEO Rajinder P. Singh Reports Stock Transactions
SEC Form 4 Filing
Rajinder P. Singh, President & CEO and Chairman of the Board of BankUnited, Inc., reported the vesting and conversion of restricted stock units and performance share units into common stock.
Summary
- On March 14, 2024, Rajinder P. Singh, the President & CEO and Chairman of the Board of BankUnited, Inc., executed transactions involving BankUnited's common stock.
- Singh converted 88,818 restricted stock units and performance share units into common stock.
- The price per share for one of the transactions was $27.22.
- Following these transactions, Singh directly owns 280,407 shares of common stock.
- Singh also directly owns 72,082 restricted stock units and no performance share units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
Future vesting of restricted stock units is scheduled for December 31, 2024, and December 31, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock transactions (conversion of restricted stock units and performance share units). |
| 12/31/2023 | Date on which 53,806 restricted stock units and 35,012 performance share units vested. |
| 12/31/2024 | Date on which 40,130 restricted stock units will vest. |
| 12/31/2025 | Date on which 31,952 restricted stock units will vest. |
| 03/15/2024 | Date of signature by Attorney-in-Fact. |
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