Matthew J. Wallace - Feb 9, 2023 Form 4 Insider Report for Bancorp, Inc. (TBBK)

Role
EVP Chief Information Officer
Signature
/s/ Paul Frenkiel, attorney-in-fact
Stock symbol
TBBK
Transactions as of
Feb 9, 2023
Transactions value $
-$98,437
Form type
4
Date filed
2/13/2023, 03:04 PM
Previous filing
Feb 11, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBBK Common Stock Award +24.9K +42.09% 84K Feb 9, 2023 Direct F1
transaction TBBK Common Stock Tax liability -$98.4K -2.83K -3.36% $34.84 81.2K Feb 10, 2023 Direct F2, F3
* 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 Shares were sold to pay the taxes due upon the vesting of restricted stock units.
F3 Shares were sold at prices ranging from $34.67 to $35.085 for an average price of $34.8448.