Smith Lee Matthew 4

What Happened

• Smith Lee Matthew, Chief Financial Officer of Flagstar Bank, received a grant/award of 245,902 shares (reported as $0.00 acquisition) on March 15, 2026. The filing shows the award as restricted stock units (RSUs) that will convert to common shares according to vesting schedules; no cash purchase or open-market sale occurred.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17.
• Award: 245,902 shares reported at $0.00 (acquisition via grant/award).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Total includes service-based RSUs that vest over time.
  • F2: Remaining shares from a Dec 1, 2022 stock award under the 2016 plan will vest in two approx. equal annual installments beginning Dec 1, 2026.
  • F3: Remaining shares from a Mar 24, 2023 award under the 2020 Omnibus Incentive Plan will vest on Mar 24, 2026.
• No indication in this filing of a 10b5-1 plan, tax withholding, or that the transaction was late.

Context

• This was an award of RSUs (not a market purchase or sale). RSUs typically vest over time and convert into shares when vesting conditions are met; market value exposure depends on Flagstar’s stock price at vesting. Awards are commonly used for executive compensation and retention and do not by themselves indicate immediate buying or selling activity.