Form 4: Flagstar Financial Executive Reports Stock Transactions to Cover Tax Obligations
SEC Form 4 Filing
Lee Matthew Smith, SEVP & Chief Financial Officer of Flagstar Financial, reports the surrender of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Lee Matthew Smith, the SEVP & Chief Financial Officer of Flagstar Financial, filed a Form 4 detailing changes in beneficial ownership.
- On March 22, 2025, Smith surrendered 1,491 shares of common stock to cover tax obligations at a price of $0 per share, leaving him with 603,808 shares.
- On March 24, 2025, Smith surrendered 2,131 shares of common stock to cover tax obligations at a price of $0 per share, leaving him with 606,565 shares.
- Smith also indirectly owns 73,450 shares by stock award and 4,888 shares by stock award (032423).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The remaining 73,450 shares under Stock Award on December 1, 2022 will vest in three approximately equal annual installments commencing on December 1, 2025, and the 4,888 shares remaining under Stock Award (032423) are scheduled to vest on March 24, 2026.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| December 1, 2022 | Date of Stock Award of 73,450 shares. |
| March 24, 2023 | Date of Stock Award (032423) of 4,888 shares. |
| March 22, 2025 | Date of transaction where 1,491 shares were surrendered for tax obligations. |
| March 24, 2025 | Date of transaction where 2,131 shares were surrendered for tax obligations. |
| March 25, 2025 | Date of signature on the Form 4. |
| December 1, 2025 | Commencement date for vesting of 73,450 shares in three approximately equal annual installments. |
| March 24, 2026 | Scheduled vesting date for 4,888 shares under Stock Award (032423). |
Keywords
Form 4, Beneficial Ownership, Stock Surrender, Tax Obligations, Flagstar Financial, Lee Matthew Smith, SEVP, CFO, Stock Award, Vesting
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