Key facts
- This page summarizes Paul D. Borja's Form 4 filing for FLAGSTAR BANCORP INC.
- 6 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 05 Dec 2022, 13:37.
Paul D. Borja - 01 Dec 2022 Form 4 Insider Report for FLAGSTAR BANCORP INC
- Reporting relationship
- Exec VP and General Counsel
- Issuer ticker
- N/A
- Reported as of
- 01 Dec 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Dec 2022, 13:37:08 UTC
- Prior SEC filing
- 22 Jun 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jan M. Klym by Power of Attorney for Mr. Borja
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Paul D. Borja filed Form 4 for FLAGSTAR BANCORP INC on 05 Dec 2022.
Change
- Previous filing in this sequence was filed on 22 Jun 2022.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
(NYSE:FBC)
transaction
Flagstar Bancorp, Inc. Common Stock
Award
- Transaction value
- $0
- Shares
- +2,484
- Change %
- +8.7%
- Price
- $0.000000
- Shares after
- 31,010
- Date
- 01 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F2
(NYSE:FBC)
transaction
Flagstar Bancorp, Inc. Common Stock
Tax liability
- Transaction value
- $0
- Shares
- -711
- Change %
- -2.3%
- Price
- $0.000000
- Shares after
- 30,299
- Date
- 01 Dec 2022
- Ownership
- Direct
- Footnotes
- F3
(NYSE:FBC)
transaction
Flagstar Bancorp, Inc. Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -30,299
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Dec 2022
- Ownership
- Direct
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
(NYSE:FBC)
transaction
Derivative
Restricted Stock Unit (L060220)
Disposed to Issuer
- Transaction value
- Shares
- -677
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Dec 2022
- Ownership
- Direct
- Underlying class
- Flagstar Bancorp, Inc. Common Stock
- Underlying amount
- 677
- Exercise price
- Footnotes
- F5
(NYSE:FBC)
transaction
Derivative
Restricted Stock Unit (L052521)
Disposed to Issuer
- Transaction value
- Shares
- -2,183
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Dec 2022
- Ownership
- Direct
- Underlying class
- Flagstar Bancorp, Inc. Common Stock
- Underlying amount
- 2,183
- Exercise price
- Footnotes
- F5
(NYSE:FBC)
transaction
Derivative
Restricted Stock Unit (L052422)
Disposed to Issuer
- Transaction value
- Shares
- -7,075
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Dec 2022
- Ownership
- Direct
- Underlying class
- Flagstar Bancorp, Inc. Common Stock
- Underlying amount
- 7,075
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Paul D. Borja is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
The reporting person acquired these shares upon the settlement of certain Performance Share Units (PSUs) of the issuer, accelerated at merger. The PSUs were originally granted on June 2, 2020 under the Issuer's 2016 Stock Award and Incentive Plan.
Footnote F2
Includes 27.02 shares and 30.2 shares acquired on August 19, 2022 and November 17, 2022, respectively, from a broker dividend reinvestment plan with substantially the same terms as the Issuer's qualified plan.
Footnote F3
These shares were surrendered to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of issuer.
Footnote F4
Disposed of in connection with the Agreement and Plan of Merger by and among Issuer and New York Community Bancorp, Inc. ("NYCB"), dated April 24, 2021, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 4.0151 shares of NYCB common stock (the "Exchange Ratio") and cash in lieu of fractional shares, if applicable.
Footnote F5
At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer RSU was converted into a time-based restricted stock unit denominated in shares of NYCB Common Stock based on the Exchange Ratio (NYCB "RSUs").