Form 4: BankUnited Officer Rishi Bansal Reports Stock Transactions
SEC Form 4 Filing
Rishi Bansal, Chief Investment Officer of BankUnited, N.A., reports the vesting and disposal of restricted stock units and performance share units.
Summary
- On March 14, 2024, Rishi Bansal, Chief Investment Officer of BankUnited, N.A., reported transactions involving BankUnited, Inc. common stock.
- Bansal disposed of 23,094 shares of common stock at a price of $27.22 per share.
- These transactions involved the vesting of 13,990 restricted stock units and 9,104 performance share units, which convert into common stock.
- Following these transactions, Bansal directly owns 19,327 shares of BankUnited, Inc. common stock and derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company officers and directors.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock transactions (vesting and disposal of shares). |
| 03/15/2024 | Date of signature on the Form 4 filing. |
| 12/31/2023 | 13,990 restricted stock units vested. |
| 12/31/2023 | 9,104 performance share units vested. |
| 12/31/2024 | 10,434 restricted stock units will vest. |
| 12/31/2025 | 8,308 restricted stock units will vest. |
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