Bansal Rishi 4

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.