Damian Kozlowski - 09 Feb 2022 Form 4 Insider Report for Bancorp, Inc. (TBBK)

Role
Chief Executive Officer
Signature
/s/ Paul Frenkiel, attorney-in-fact
Issuer symbol
TBBK
Transactions as of
09 Feb 2022
Net transactions value
-$563,922
Form type
4
Filing time
11 Feb 2022, 15:01:26 UTC
Previous filing
19 Aug 2021
Next filing
24 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBBK Common Stock Award +24,736 +4.4% 591,047 09 Feb 2022 Direct F1
transaction TBBK Common Stock Tax liability $301,124 -9,860 -1.7% $30.54 581,187 09 Feb 2022 Direct F3, F4
transaction TBBK Common Stock Tax liability $262,798 -8,801 -1.5% $29.86 572,386 10 Feb 2022 Direct F3, F5
holding TBBK Common Stock 15,578 09 Feb 2022 By 401k plan account
holding TBBK Common Stock 2,230 09 Feb 2022 By son
holding TBBK Common Stock 2,230 09 Feb 2022 By son

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TBBK Stock Option Award $0 +100,000 $0.000000 100,000 09 Feb 2022 Common Stock 100,000 $30.32 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units, each of which represents the right to receive one share of common stock of The Bancorp, Inc. upon vesting. The restricted stock units shall vest annually in three equal installments.
F2 The Reporting Person was granted Stock Options, each of which represents the right to buy one share of common stock of the Bancorp, Inc. upon vesting. The stock options shall vest in four equal installments over a period of four years.
F3 Shares were sold to pay the taxes due upon the vesting of restricted stock units.
F4 The Reporting Person sold a total of 9,860 shares at prices ranging from $30.21 to $30.79 for an average price of $30.54.
F5 The Reporting Person sold a total of`8,801 shares at prices ranging from $29.1 to $30.42 for an average price of $29.86.