Cornish Thomas M. 4
4 · BankUnited, Inc. · Filed Mar 16, 2023
Insider Transaction Report
Form 4
Cornish Thomas M.
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2023-03-15+17,551→ 117,151 total - Tax Payment
Common Stock, par value $0.01 per share
2023-03-15$23.97/sh−6,773$162,349→ 110,378 total - Exercise/Conversion
Restricted Stock Unit
2023-03-15−17,551→ 24,599 total→ Common Stock, par value $0.01 per share (17,551 underlying)
Holdings
- 400(indirect: By Trust)
Common Stock, par value $0.01 per share
Footnotes (4)
- [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.