Smith Lee Matthew 4

What Happened

• Matthew Smith, Chief Financial Officer of Flagstar Bank (NYSE: FLG), surrendered 2,131 shares on 2026-03-24 to satisfy tax withholding obligations related to vested restricted shares. The transaction is coded F (payment of exercise price or tax liability). Reported price per share was $0.00 and no cash proceeds were received.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-25 (appears timely).
• Transaction code: F (share surrender to cover tax obligations).
• Shares surrendered: 2,131; reported price: $0.00; total cash received: $0.
• Shares owned after transaction: not specified in the provided excerpt of the filing — see the full Form 4 for exact post-transaction holdings.
• Footnotes: F1 confirms shares were surrendered to the issuer to cover tax obligations on shares whose restrictions lapsed. F2–F4 note that reported holdings include shares that vested from stock awards/RSUs and that remaining shares from a Dec 1, 2022 award vest in two roughly equal annual installments beginning Dec 1, 2026.
• Filing timeliness: Filed the day after the transaction; falls within the usual Form 4 reporting window.

Context

• This was a tax-withholding/share-surrender transaction (a common administrative step when restricted shares or RSUs vest), not an open-market sale or purchase. It does not generate cash proceeds for the insider and should not be interpreted as a market buy/sell signal about Flagstar’s stock.