Cunningham Gerald Edwin 4
Research Summary
AI-generated summary
Finwise Bancorp Director Gerald E. Cunningham Receives Award
What Happened
Gerald E. Cunningham, a director of Finwise Bancorp (FINW), was awarded 3,179 shares on 2026-03-31. The award is reported at an average price of $15.73 per share, for a total reported value of $50,006. This transaction is coded as an award/grant (A) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31
- Shares granted: 3,179 at $15.73 per share — total value $50,006
- Transaction code: A (award/grant)
- Shares owned after transaction: Not specified in the provided filing
- Footnote: The $15.73 price equals the average closing price of FINW common stock for the 15 trading days ending the day before the grant (Footnote F1)
- Filing timeliness: Report filed 2026-04-01 — within the typical Form 4 reporting window (timely)
Context
An "A" code award typically reflects company compensation (e.g., stock awards or restricted shares) and does not necessarily indicate a personal buy or sell decision. Such awards are common for directors and employees; they should be interpreted differently from open-market purchases, which are often viewed as clearer signals of insider conviction.