Form 4: BankUnited COO Thomas M. Cornish Reports Stock Transactions
SEC Form 4 Filing
Thomas M. Cornish, Chief Operating Officer of BankUnited, Inc., reported the vesting and disposal of restricted stock units and performance share units, as well as a sale of common stock.
Summary
- On March 12, 2025, Thomas M. Cornish, the Chief Operating Officer of BankUnited, Inc., reported transactions involving the company's stock.
- Cornish disposed of 34,816 shares of common stock at a price of $32.45 per share.
- He also disposed of 34,816 shares related to the vesting of restricted stock units and performance share units.
- Following these transactions, Cornish directly owns 100,000 shares of BankUnited, Inc.
- The transactions involved the vesting of 25,622 restricted stock units and 9,194 performance share units, which convert into common stock.
- These units were granted under the BankUnited, Inc. 2014 and 2023 Omnibus Equity Incentive Plans.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | 17,697 restricted stock units vested under the 2014 plan and 7,925 units vested under the 2023 plan; 9,194 performance share units vested. |
| 03/12/2025 | Date of the reported transactions: disposal of common stock and vesting of restricted/performance share units. |
| 03/14/2025 | Date of signature for the Form 4 filing. |
| 12/31/2025 | 14,090 restricted stock units will vest under the 2014 plan and 7,924 units will vest under the 2023 plan. |
| 12/31/2026 | 7,924 restricted stock units will vest under the 2023 plan. |
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