Malcolm Kevin A. 4
4 · BankUnited, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
BankUnited (BKU) Kevin A. Malcolm Receives 4,000 Restricted Shares
What Happened
Kevin A. Malcolm, Senior Executive Vice President and General Counsel of BankUnited, N.A. (a BankUnited, Inc. subsidiary), was granted 4,000 restricted shares on March 1, 2026 under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan (acquisition price $0). To satisfy a tax withholding obligation tied to restricted-share vesting on March 1, 2026, 1,303 shares were withheld by the issuer at an implied value of $46.70 per share (totaling $60,850). The grant vests over four years on each anniversary of the grant, subject to continued service.
Key Details
- Transaction date: March 1, 2026; Form filed March 3, 2026 (reporting period 2026-03-01).
- Grant: 4,000 restricted shares, $0 acquisition price. (Footnote F1: grant vests annually over four years, subject to continued service.)
- Tax withholding: 1,303 shares withheld at $46.70/share to cover $60,850 tax obligation; these shares were withheld by the issuer, not sold by the reporting person (Footnote F2).
- Net shares received on the grant date (after withholding): 2,697 restricted shares.
- Shares owned after the transaction: not specified in the provided excerpt.
- Filing timeliness: filing date shown is March 3, 2026; no late-filing indication in the provided data.
Context
This was an equity compensation grant (award), not an open-market purchase or voluntary sale. Withholding shares to cover tax obligations is a routine administrative step and does not represent an open-market sale by the insider. The restricted shares are subject to multi-year vesting, so they represent future compensation contingent on continued service.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-03-01+4,000→ 16,250 total - Tax Payment
Common Stock, par value $0.01 per share
[F2]2026-03-01$46.70/sh−1,303$60,850→ 14,947 total
Footnotes (2)
- [F1]Reflects 4,000 restricted shares issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. The restricted shares have a grant date of March 1, 2026, and will vest over a four-year period on each of the four anniversaries from the date of grant, subject to the reporting person's continued service through the vesting date.
- [F2]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 March 1, 2026. 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.