Lee Matthew Smith - Apr 19, 2022 Form 4 Insider Report for FLAGSTAR BANCORP INC ((NYSE:FBC))

Role: EVP and President of Mortgage
Signature: /s/ Jan M Klym by Power of Attorney for Mr. Smith
Stock symbol: (NYSE:FBC)
Transactions as of: Apr 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/21/2022, 05:25 PM
Previous filing: Mar 24, 2022
Next filing: Dec 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Options Exercise	$0	+1.78K	+0.55%	$0.00	324K	Apr 19, 2022	Direct
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Options Exercise	$0	+1.78K	+0.55%	$0.00	326K	Apr 19, 2022	Direct
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Tax liability	$0	-1.02K	-0.31%	$0.00	325K	Apr 19, 2022	Direct	F1

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	(NYSE:FBC)	Restricted Stock Units (XLPII32018)	Options Exercise	$0	-1.78K	-50.01%	$0.00	1.78K	Apr 19, 2022	Flagstar Bancorp, Inc. Common Stock	1.78K		Direct	F2, F3
transaction	(NYSE:FBC)	Restricted Stock Units (XLPII32018)	Options Exercise	$0	-1.78K	-49.99%	$0.00	1.78K	Apr 19, 2022	Flagstar Bancorp, Inc. Common Stock	1.78K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
F2	Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
F3	50 percent of these Restricted Stock Units will vest if, for ninety consecutive days, the volume-weighted average price per share of Flagstar Bancorp common stock is $40.00 or more (the "Performance Hurdle"). The Performance Hurdle must be achieved within ten years of the grant date. The vested RSUs will pay out on the fourth anniversary of the grant date. The remaining 50 percent is subject to annual quality review results. If quality review results are attained the shares will vest on the fourth anniversary of the grant date. Vesting, payout and other adjustments for certain triggering events are more fully described in the Form 8-K to be filed by Issuer on March 23, 2018.
F4	50 percent of these Restricted Stock Units will vest if, for ninety consecutive days, the volume-weighted average price per share of Flagstar Bancorp common stock is $44.00 or more (the "Performance Hurdle"). The Performance Hurdle must be achieved within ten years of the grant date. The vested RSUs will pay out on the fourth anniversary of the grant date. The remaining 50 percent is subject to annual quality review results. If quality review results are attained the shares will vest on the fourth anniversary of the grant date. Vesting, payout and other adjustments for certain triggering events are more fully described in the Form 8-K to be filed by Issuer on March 23, 2018.