Form 4: Flagstar Financial Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Reginald E. Davis, Sr. EVP & President of Banking at Flagstar Financial, reports changes in his beneficial ownership of company stock due to the vesting of stock awards and tax withholding.
Summary
- Reginald E. Davis, a Senior EVP & President of Banking at Flagstar Financial, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- The reported transactions include the disposal of 1,398 shares to cover tax obligations and the vesting of stock awards.
- Following the reported transactions, Davis directly owns 38,783 shares of common stock.
- Davis also indirectly owns 41,349 shares through a stock award granted on December 1, 2022, which will vest in three approximately equal annual installments commencing on December 1, 2025.
- Additionally, he indirectly owns 3,129 shares through a stock award granted on March 24, 2023, scheduled to vest on March 24, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions described are typical for executive compensation. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in the financial services industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive ownership and compensation.
Key Dates
| Date | Description |
|---|---|
| 12/01/2022 | Date of initial grant for a stock award of 41,349 shares, vesting in three annual installments commencing December 1, 2025. |
| 03/24/2023 | Date of grant for a stock award of 3,129 shares, scheduled to vest on March 24, 2026. |
| 03/24/2025 | Date of the reported transaction involving the disposal of shares for tax obligations. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
| 12/01/2025 | Commencement date for vesting of the 41,349 share stock award in three annual installments. |
| 03/24/2026 | Vesting date for the 3,129 share stock award. |
Keywords
Form 4, Beneficial Ownership, Stock Awards, Flagstar Financial, Davis Reginald E, Equity Securities
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