Singh Rajinder P 4

4 · BankUnited, Inc. · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

BankUnited (BKU) CEO Rajinder P. Singh Sells 189,876 Shares

What Happened

Rajinder P. Singh (President, CEO and Chairman) had performance and restricted share units convert into 189,876 common shares and those shares were disposed to the issuer on 2026-03-09. The disposition was reported at $44.76 per share for a total of $8,498,850. The filing shows two conversion (derivative) entries totaling 189,876 shares acquired at $0.00 (representing vested awards) and corresponding disposition entries for the same amounts.

Key Details

Transaction date: 2026-03-09; filing date: 2026-03-11.
Conversion/exercise: 125,012 performance-share units + 64,864 restricted-share units converted (acquired) at $0.00.
Disposition: 189,876 shares disposed to issuer at $44.76/share totaling $8,498,850.
Shares owned after transaction: not disclosed in this Form 4.
Relevant footnotes:
- F1/F2: PSUs and RSUs represent rights to receive one share or cash equal to share value at settlement.
- F3: 125,012 performance share units vested on December 31, 2025.
- F4: Breakdown of RSU vesting (31,952 vested 12/31/2025 under 2014 plan; 32,912 vested 12/31/2025 under 2023 plan; remaining RSUs vest in 2026–2027).
Filing timeliness: reported two days after the transaction date; the Form 4 does not indicate a late filing flag.

Context

The filing documents conversion of vested equity awards (PSUs/RSUs) and an immediate disposition to the issuer the same day. Such same-day conversions and dispositions commonly reflect settlement of vested awards or share withholding/cash settlement for tax and payroll obligations rather than an open-market sale, but the Form 4 itself reports the transaction facts without stating the specific reason.

Form 4

Period: 2026-03-09

DirectorPresident and CEOOther

Transactions

Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]
2026-03-09+125,012→ 405,419 total
Exercise/Conversion
Common Stock, par value $0.01 per share
[F2]
2026-03-09+64,864→ 470,283 total
Disposition to Issuer
Common Stock, par value $0.01 per share
2026-03-09$44.76/sh−189,876$8,498,850→ 280,407 total
Exercise/Conversion
Performance Share Unit
[F1][F3]
2026-03-09−125,012→ 0 total
→ Common Stock, par value $0.01 per share (125,012 underlying)
Exercise/Conversion
Restricted Share Unit
[F2][F4]
2026-03-09−64,864→ 47,855 total
→ Common Stock, par value $0.01 per share (64,864 underlying)

Footnotes (4)

[F1]Each performance share 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.
[F2]Each restricted share 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.
[F3]125,012 performance share units vested on December 31, 2025 and are fully vested.
[F4]31,952 restricted share units that vested on December 31, 2025 were granted under the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. The units granted under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan include 32,912 units that vested on December 31, 2025; 32,912 units that will vest on December 31, 2026; and 14,943 units that will vest on December 31, 2027.

Signature

/s/ Jacqueline Bravo, as Attorney-in-Fact|2026-03-11

2 files