Jay D. Richards - 01 Mar 2024 Form 4 Insider Report for BankUnited, Inc. (BKU)

Reporting relationship: Officer of Subsidiary
Issuer ticker: BKU
Reported as of: 01 Mar 2024
Net transaction value: -$130,993
SEC form: 4
Accepted by SEC: 05 Mar 2024, 21:09:03 UTC
Prior SEC filing: 03 Mar 2023
Next SEC filing: 23 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Susan Greenfield as Attorney-in-Fact

Key filing fact

Jay D. Richards filed Form 4 for BankUnited, Inc. (BKU) on 05 Mar 2024.

Key facts

This page summarizes Jay D. Richards's Form 4 filing for BankUnited, Inc. (BKU).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 05 Mar 2024, 21:09.

Change

Previous filing in this sequence was filed on 03 Mar 2023.
Current net transaction value: -$130,993.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BKU transaction

Common Stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +13,000
Change %: +33%
Price: $0.000000
Shares after: 52,324
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

BKU transaction

Common Stock, par value $0.01 per share

Tax liability

Transaction value: $100,015
Shares: -3,813
Change %: -7.3%
Price: $26.23
Shares after: 48,511
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

BKU transaction

Common Stock, par value $0.01 per share

Tax liability

Transaction value: $30,978
Shares: -1,181
Change %: -2.4%
Price: $26.23
Shares after: 47,330
Date: 02 Mar 2024
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Reflects 13,000 restricted shares issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. The restricted shares have a grant date of March 1, 2024, and will vest over a four year period on each of the four anniversaries from the date of grant, subject to the reporting person's continued service through the vesting date.

Footnote F2

Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares on March 1, 2024. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.

Footnote F3

Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares on March 2, 2024. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.

SEC remarks

The Reporting Person is Chief Risk Officer of BankUnited, N.A., a wholly owned subsidiary of BankUnited, Inc.