Damian Kozlowski - Feb 9, 2024 Form 4 Insider Report for Bancorp, Inc. (TBBK)

Role
Chief Executive Officer
Signature
/s/ Paul Frenkiel, as attorney-in-fact
Stock symbol
TBBK
Transactions as of
Feb 9, 2024
Transactions value $
-$634,279
Form type
4
Date filed
2/13/2024, 04:01 PM
Previous filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBBK Common Stock Award +91.1K +16.23% 653K Feb 9, 2024 Direct F1
transaction TBBK Common Stock Tax liability -$634K -14.1K -2.17% $44.85 638K Feb 12, 2024 Direct F2, F3
holding TBBK Common Stock 15.8K Feb 9, 2024 By 401(k) plan account
holding TBBK Common Stock 2.23K Feb 9, 2024 By son
holding TBBK Common Stock 2.23K Feb 9, 2024 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 (right to buy) Award $0 +45.6K $0.00 45.6K Feb 9, 2024 Common Stock 45.6K $43.89 Direct F4
* 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 $44.60 to $45.37.
F4 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.