Thomas M. Cornish - Mar 15, 2023 Form 4 Insider Report for BankUnited, Inc. (BKU)

Role: Chief Operating Officer
Signature: /s/ Susan Greenfield, Attorney-in-Fact
Stock symbol: BKU
Transactions as of: Mar 15, 2023
Transactions value $: -$162,349
Form type: 4
Date filed: 3/16/2023, 07:06 PM
Previous filing: Apr 1, 2022
Next filing: Mar 27, 2023

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	$0	+17.6K	+17.62%	$0.00	117K	Mar 15, 2023	Direct
transaction	BKU	Common Stock, par value $0.01 per share	Tax liability	-$162K	-6.77K	-5.78%	$23.97	110K	Mar 15, 2023	Direct	F1
holding	BKU	Common Stock, par value $0.01 per share						400	Mar 15, 2023	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	-17.6K	-41.64%	$0.00	24.6K	Mar 15, 2023	Common Stock, par value $0.01 per share	17.6K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	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 December 31, 2022. 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.
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	Each restricted stock 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.
F4	Issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. 17,551 units vested on December 31, 2022, 13,423 units will vest on December 31, 2023, 7,391 units will vest on December 31, 2024, and 3,785 units will vest on December 31, 2025.