Rajinder P. Singh - 15 Mar 2023 Form 4 Insider Report for BankUnited, Inc. (BKU)

Role
President and CEO, Director, Chairman of the Board
Signature
/s/ Susan Greenfield, Attorney-in-Fact
Issuer symbol
BKU
Transactions as of
15 Mar 2023
Net transactions value
-$496,634
Form type
4
Filing time
16 Mar 2023, 19:07:39 UTC
Previous filing
01 Apr 2022
Next filing
27 Mar 2023
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 $0 +39,799 +15% $0.000000 301,126 15 Mar 2023 Direct
transaction BKU Common Stock, par value $0.01 per share Tax liability $496,634 -20,719 -6.9% $23.97 280,407 15 Mar 2023 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 BKU Restricted Stock Unit Options Exercise $0 -39,799 -42% $0.000000 55,782 15 Mar 2023 Common Stock, par value $0.01 per share 39,799 Direct F2, F3
* 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 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.
F3 Issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. 39,799 units vested on December 31, 2022, 30,437 units will vest on December 31, 2023, 16,761 units will vest on December 31, 2024, and 8,584 units will vest on December 31, 2025.