Gagnon Kris 4
Research Summary
AI-generated summary
Flagstar Bank (FLG) Chief Credit Officer Surrenders 6,051 Shares for Taxes
What Happened
- Kris Gagnon, Senior EVP & Chief Credit Officer of Flagstar Bank (NYSE: FLG), disposed of 6,051 shares on 2026-03-15 as a tax withholding/payment related to vested restricted stock units. The reported per-share price is $0.00 and proceeds are $0 (shares were surrendered to the issuer to cover tax obligations).
Key Details
- Transaction date: 2026-03-15; Form 4 filed: 2026-03-17.
- Transaction code: F (payment of exercise price or tax liability via share surrender).
- Shares involved: 6,051 surrendered; reported price $0.00; proceeds $0.
- Shares owned after the transaction: not specified in the provided filing information.
- Relevant footnotes: F1 — shares surrendered to issuer to cover tax obligations on shares for which restrictions lapsed; F2 — total includes service-based restricted stock units that will vest over time.
- Filing timing: Form 4 was filed two days after the transaction date (appears timely based on standard Form 4 rules).
Context
- This was a tax-withholding share surrender (common when restricted stock units vest), not an open-market sale or a discretionary trade — generally viewed as a routine administrative event rather than a directional signal about the insider’s view of the stock.