Richards Jay D. 4
4 · BankUnited, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
BankUnited (BKU) Chief Risk Officer Jay D. Richards Receives Award
What Happened
Jay D. Richards, Chief Risk Officer of BankUnited, N.A. (a wholly owned subsidiary of BankUnited, Inc.), was granted 14,000 restricted shares of BankUnited, Inc. common stock on March 1, 2026 (grant code A; $0.00 per share reported). On the same date, 5,185 shares were withheld by the issuer to satisfy the tax withholding obligation related to the vesting (code F), at an indicated value of $46.70 per share for a total withholding value of $242,140. The withheld shares were retained by the company and not sold on the open market.
Key Details
- Transaction date(s): March 1, 2026 (reported on Form 4 filed March 3, 2026).
- Grant: 14,000 restricted shares granted (code A) with grant date March 1, 2026; grant price shown as $0.00.
- Tax withholding: 5,185 shares withheld (code F) at $46.70/share = $242,140 withheld to satisfy taxes.
- Vesting: The 14,000 restricted shares vest over four years, in equal installments on each anniversary of the grant, subject to continued service (footnote F1).
- Withholding detail: Shares were withheld by the issuer to cover taxes — not an open-market sale by the insider (footnote F2).
- Shares owned after transaction: Not specified in this filing.
- Timeliness: Filed March 3, 2026 for a March 1, 2026 transaction — appears timely under Section 16 reporting rules.
Context
This filing reports an equity award (restricted shares) and the routine tax withholding associated with vesting. Restricted-share grants vest over time and are not the same as an immediate open-market purchase or sale; the withholding of shares to satisfy taxes is a common administrative action and does not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-03-01+14,000→ 49,687 total - Tax Payment
Common Stock, par value $0.01 per share
[F2]2026-03-01$46.70/sh−5,185$242,140→ 44,502 total
Footnotes (2)
- [F1]Reflects 14,000 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.