Marx Bryan 4
Research Summary
AI-generated summary
Flagstar Bank (FLG) EVP Bryan Marx Surrenders 1,259 Shares for Taxes
What Happened
- Bryan Marx, EVP & Principal Accounting Officer of Flagstar Bank (NYSE: FLG), surrendered 1,259 shares on July 15, 2026 to satisfy tax withholding obligations related to shares for which restrictions lapsed. The reported per‑share price is $0.00 and there were no cash proceeds from the transaction (disposal for tax withholding).
Key Details
- Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (timely).
- Transaction code: F — payment of exercise price or tax liability (here used for tax withholding).
- Shares surrendered: 1,259; reported price: $0.00; proceeds: $0.
- Shares owned after transaction: not specified in the provided filing details.
- Relevant footnotes:
- F1: These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
- F2: Total holdings referenced in the filing include service‑based restricted stock units that will vest over time.
Context
- This was a routine cashless share surrender to cover tax withholding on vested awards (common with RSUs), not an open‑market sale. Such transactions are administrative and do not necessarily indicate the insider’s view on the company’s stock.