Marx Bryan 4
Research Summary
AI-generated summary
FLAGSTAR BANK (FLG) EVP Bryan Marx Receives RSU Award
What Happened
- Bryan Marx, EVP & Principal Accounting Officer of Flagstar Bank (NYSE:FLG), was granted 24,590 restricted stock units (RSUs) on 2026-03-15 (reported on Form 4 filed 2026-03-17). The grant is reported at $0.00 per share because these are compensation awards, not purchases.
- On the same date 3,676 shares were surrendered back to the issuer to satisfy tax withholding obligations related to vested/issued shares (also reported at $0.00).
Key Details
- Transaction dates: 2026-03-15 (grant and tax withholding); Form 4 filed 2026-03-17.
- Transaction codes: A = Award/Grant of 24,590 RSUs; F = Shares withheld/surrendered for taxes: 3,676.
- Reported price per share: $0.00 (standard for grants/withholdings).
- Shares owned after the transaction: Not specified in the filing.
- Footnotes: F1 — Grant consists of service-based RSUs that vest over time; F2 — Shares surrendered were to cover tax obligations on shares for which restrictions lapsed.
- Filing timeliness: Reported two days after the transactions; filing does not indicate lateness.
Context
- These RSUs are compensation and typically vest over a service period (per footnote F1); the withholding/surrender of shares to cover taxes (F2) is a routine administrative step and not an open-market sale.
- Such awards are common executive compensation and do not by themselves indicate a buy or sell signal in the open market.