DiNello Alessandro 4
Research Summary
AI-generated summary
Flagstar (FLG) Director Alessandro DiNello Receives 9,939 RSUs
What Happened
Alessandro DiNello, a director of Flagstar Bank, received an award of 9,939 restricted stock units (reported as an acquisition) on 2026-01-27. The filing reports a $0.00 per-share price for the award (common for RSU grants); the shares will convert into common stock as they vest over time.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (filed within the usual 2-business-day reporting window).
- Transaction type: Award/Grant (code A) — 9,939 shares acquired, reported price $0.00.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes: F1 confirms these are service-based RSUs that vest over time. Other footnotes (F2–F6, F4 especially) note various trusts and disclaimers of beneficial ownership related to the reporting person and spouse.
- No indication of an immediate sale or tax-withholding sale in this report.
Context
RSU grants are a form of compensation that convert into company shares only as they vest; they are not the same as an open-market purchase and don't necessarily signal the insider is increasing their personal stake today. The filing is primarily informational about the grant and associated ownership disclosures.