Form 4: Flagstar Financial Executive Reports Routine Stock Award Tax Withholding

Reginald E. Davis, Sr EVP & President of Banking at Flagstar Financial, Inc., reported a routine disposition of 4,852 shares to cover tax obligations on vested stock awards, while maintaining significant beneficial ownership.

Summary

• Reginald E. Davis, Senior Executive Vice President and President of Banking at Flagstar Financial, Inc. (NYSE:FLG), reported a transaction on May 24, 2025.
• The transaction involved the disposition of 4,852 shares of Common Stock, which were surrendered to the issuer to cover tax obligations on shares for which restrictions had lapsed.
• Following this transaction, Mr. Davis directly beneficially owns 33,931 shares of Common Stock.
• He also indirectly beneficially owns 41,349 shares from a stock award granted on December 1, 2022, which will vest in three approximately equal annual installments commencing on December 1, 2025.
• An additional 3,129 shares are indirectly owned from a stock award granted on March 24, 2023, scheduled to vest on March 24, 2026.
• The total beneficial ownership for Mr. Davis after this reported transaction is 78,409 shares (33,931 direct + 41,349 indirect + 3,129 indirect).

Sentiment

Score: 5

Explanation: The document reports a routine, non-discretionary transaction (tax withholding on vested shares) by an insider. This type of filing is neutral in sentiment as it does not indicate a change in the company's financial health or strategic direction, nor does it reflect a discretionary buy or sell decision by the insider.

Future Outlook

The document indicates future vesting events for Reginald E. Davis's indirect stock holdings, with 41,349 shares vesting in three approximately equal annual installments commencing December 1, 2025, and 3,129 shares vesting on March 24, 2026.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the tax withholding on vested stock awards. Such transactions are common across all industries for publicly traded companies and do not typically reflect a change in strategic direction or operational performance.

Stakeholder Impact

• Shareholders: Minimal to no direct impact, as this is a routine tax-related transaction for executive compensation and does not reflect a change in company fundamentals or a discretionary sale.

Next Steps

• Vesting of 41,349 shares from the December 1, 2022 stock award, commencing December 1, 2025, in three approximately equal annual installments.
• Vesting of 3,129 shares from the March 24, 2023 stock award on March 24, 2026.

Key Dates

Keywords

Flagstar Financial, FLG, SEC Form 4, Insider Transaction, Stock Award, Executive Compensation, Tax Withholding, Beneficial Ownership, NYSE