Bansal Rishi 4
4 · BankUnited, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
BankUnited (BKU) CIO Rishi Bansal Sells 49,370 Shares
What Happened
- Rishi Bansal, Chief Investment Officer of BankUnited, N.A. (a wholly owned subsidiary of BankUnited, Inc.), had performance and restricted share units convert into common stock and then surrendered 49,370 shares to the issuer on March 9, 2026. The surrendered shares were reported as disposed at $44.76 per share for a total of $2,209,801. The conversion lines show 32,504 performance share units and 16,866 restricted share units converted/acquired at $0 (these were vested awards).
Key Details
- Transaction date: March 9, 2026; Form filed March 11, 2026 (filing appears timely).
- Conversions (exercise/settlement of awards): 32,504 performance share units (PSUs) and 16,866 restricted share units (RSUs) converted into common stock at $0 cost.
- Disposition to issuer: 49,370 shares @ $44.76 = $2,209,801 (surrendered to issuer, consistent with tax withholding on vested awards).
- Footnotes: F1/F2 explain PSUs/RSUs convert to one share or cash equivalent; F3 notes 32,504 PSUs vested on Dec 31, 2025 and are fully vested; F4 details RSU vesting schedule and counts (includes units that vested Dec 31, 2025).
- Shares owned after the transaction: not specified in the filing.
Context
- This was an award settlement with shares withheld/surrendered to the issuer to satisfy tax withholding obligations (a routine, non-open-market disposition). Such internal surrender/withholding transactions are common following vesting and do not necessarily indicate a change in the insider’s view of the company’s stock.
Insider Transaction Report
Form 4
Bansal Rishi
Officer of Subsidiary
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-09+32,504→ 51,831 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F2]2026-03-09+16,866→ 68,697 total - Disposition to Issuer
Common Stock, par value $0.01 per share
2026-03-09$44.76/sh−49,370$2,209,801→ 19,327 total - Exercise/Conversion
Performance Share Unit
[F1][F3]2026-03-09−32,504→ 0 total→ Common Stock, par value $0.01 per share (32,504 underlying) - Exercise/Conversion
Restricted Share Unit
[F2][F4]2026-03-09−16,866→ 12,442 total→ Common Stock, par value $0.01 per share (16,866 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]32,504 performance share units vested on December 31, 2025 and are fully vested.
- [F4]8,308 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 8,558 units that vested on December 31, 2025; 8,557 units that will vest on December 31, 2026; and 3,885 units that will vest on December 31, 2027.
Signature
/s/ Jacqueline Bravo, as Attorney-in-Fact|2026-03-10