Form 4: Flagstar Bank Executive Reports 401(k) Stock Activity
Insider Transaction Report
Flagstar Bank SEVP Richard Raffetto disclosed multiple intra-plan transfers of common stock within his 401(k) plan, including acquisitions, dispositions, and rebalancing activities.
Summary
- Richard A. Raffetto, SEVP President of Commercial & Private Banking at Flagstar Bank, National Association, reported several transactions involving the company's common stock within his 401(k) Plan.
- Transactions included acquisitions of shares on March 4, 2025 (570 shares at $11.85) and June 4, 2025 (92 shares at $11.67) through intra-plan transfers.
- A disposition of 4 shares at $12.93 occurred on September 4, 2025, due to a rebalancing instruction within the 401(k) plan.
- An acquisition of 95 shares at $12.85 occurred on December 4, 2025, as the 401(k) plan was rebalanced and shares were transferred back into the Issuer stock fund.
- The profit realized from the September 4, 2025, and December 4, 2025, rebalancing transactions was disgorged to the Issuer.
- Shares were also acquired through routine payroll contributions and dividend reinvestment throughout the period.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing. While the profit disgorgement is a minor negative, the overall activity represents routine insider transactions within a 401(k) plan, which is common and generally not indicative of significant company-specific news.
Positives
- Continued participation by a senior executive in the company's 401(k) plan, indicating ongoing investment in the company's stock.
- Acquisition of shares through routine payroll contributions and dividend reinvestment demonstrates a consistent, long-term investment approach.
Negatives
- Profit realized from specific intra-plan transfers due to rebalancing was disgorged to the Issuer, indicating a non-compliant transaction under certain regulatory interpretations, even if the transfers themselves were exempt.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insiders reporting changes in beneficial ownership. These routine reports provide transparency into executive stock holdings and transactions, which is a common practice across the financial services industry.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Acquisition of 570 shares of Common Stock at $11.85 via Intra-Plan Transfer. |
| 03/17/2025 | Acquisition of 0.47 shares due to dividend reinvestment in the 401(k) Plan. |
| 06/04/2025 | Acquisition of 92 shares of Common Stock at $11.67 via Intra-Plan Transfer. |
| 06/17/2025 | Acquisition of 1 share due to dividend reinvestment in the 401(k) Plan. |
| 09/04/2025 | Disposition of 4 shares of Common Stock at $12.93 via Intra-Plan Transfer due to 401(k) plan rebalancing. |
| 09/17/2025 | Acquisition of 1 share due to dividend reinvestment in the 401(k) Plan. |
| 12/04/2025 | Acquisition of 95 shares of Common Stock at $12.85 via Intra-Plan Transfer due to 401(k) plan rebalancing. |
| 12/17/2025 | Acquisition of 1 share due to dividend reinvestment in the 401(k) Plan. |
| January 2026 | Acquisition of 77 shares from routine payroll contributions in the 401(k) Plan. |
| 02/06/2026 | Date of filing signature by Power of Attorney. |
Keywords
Flagstar Bank, FLG, Insider Transaction, Form 4, 401(k) Plan, Stock Acquisition, Stock Disposition, Richard Raffetto, Corporate Governance, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.