Thomas M. Cornish - 14 Mar 2024 Form 4 Insider Report for BankUnited, Inc. (BKU)

Role: Chief Operating Officer
Signature: /s/ Susan Greenfield, Attorney-in-Fact
Issuer symbol: BKU
Transactions as of: 14 Mar 2024
Net transactions value: -$1,066,180
Form type: 4
Filing time: 15 Mar 2024, 21:08:42 UTC
Previous filing: 27 Mar 2023
Next filing: 01 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKU	Common Stock, par value $0.01 per share	Options Exercise		+39,169	+35%		149,547	14 Mar 2024	Direct	F1
transaction	BKU	Common Stock, par value $0.01 per share	Disposed to Issuer	$1,066,180	-39,169	-26%	$27.22	110,378	14 Mar 2024	Direct
holding	BKU	Common Stock, par value $0.01 per share						400	14 Mar 2024	As Co-Trustee	F2

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	BKU	Restricted Stock Unit	Options Exercise	$0	-23,729	-43%	$0.000000	31,787	14 Mar 2024	Common Stock, par value $0.01 per share	23,729		Direct	F1, F3
transaction	BKU	Performance Share Unit	Options Exercise	$0	-15,440	-100%	$0.000000^*	0	14 Mar 2024	Common Stock, par value $0.01 per share	15,440		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit and performance share unit represents the right to receive, at settlement, one share of common stock or cash in an amount equal to the fair market value of one share of common stock.
F2	Shares held by the P.A. Castellanos-Cornish Revocable Trust for which Mr. Cornish serves as a co-trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or any other purpose.
F3	Issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. 23,729 units vested on December 31, 2023, 17,697 units will vest on December 31, 2024, and 14,090 units will vest on December 31, 2025.
F4	15,440 performance share units vested on December 31, 2023 and are fully vested.