Form 4: Flagstar Bank Executive's Stock Transaction
Insider Transaction Report
Reginald E. Davis, SEVP & President of Consumer Banking at Flagstar Bank, reported a transaction involving the surrender of shares to cover tax obligations on vested stock awards.
Summary
- Reginald E. Davis, SEVP & President of Consumer Banking at Flagstar Bank, National Association (NYSE:FLG), filed a Form 4.
- On December 1, 2025, Mr. Davis surrendered 6,138 shares of Common Stock to the issuer.
- The surrender was to cover tax obligations on shares for which restrictions had lapsed.
- Following this transaction, Mr. Davis directly beneficially owns 41,576 shares of Common Stock.
- Additionally, Mr. Davis indirectly beneficially owns 27,566 shares from a Stock Award granted on December 1, 2022, which will vest in two approximately equal annual installments commencing on December 1, 2026.
- He also indirectly beneficially owns 3,129 shares from a Stock Award granted on March 24, 2023, which will vest on March 24, 2026.
Sentiment
Score: 5
Explanation: This is a routine compliance filing (Form 4) detailing an insider's transaction to cover tax obligations on vested stock awards. It does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The filing details future vesting schedules for stock awards, with 27,566 shares vesting in installments starting December 1, 2026, and 3,129 shares vesting on March 24, 2026.
Industry Context
This filing represents a routine insider transaction common in the banking and financial services industry, where executive compensation often includes equity awards that vest over time. The surrender of shares to cover tax obligations upon vesting is a standard practice for executives receiving such awards.
Next Steps
- The remaining 27,566 shares from the December 1, 2022 Stock Award will vest in two approximately equal annual installments commencing on December 1, 2026.
- The remaining 3,129 shares from the March 24, 2023 Stock Award will vest on March 24, 2026.
Key Dates
| Date | Description |
|---|---|
| 2022-12-01 | Date of grant for a Stock Award of 27,566 shares. |
| 2023-03-24 | Date of grant for a Stock Award of 3,129 shares. |
| 2025-12-01 | Transaction date for the surrender of shares to cover tax obligations. |
| 2025-12-02 | Date the Form 4 was signed by Power of Attorney. |
| 2026-03-24 | Vesting date for the 3,129 shares granted under the 2023 Stock Award. |
| 2026-12-01 | Commencement date for the vesting of the 27,566 shares granted under the 2022 Stock Award, in two approximately equal annual installments. |
Keywords
Flagstar Bank, FLG, Reginald Davis, Insider Transaction, Form 4, Stock Award, Tax Obligation, Executive Compensation, Beneficial Ownership
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