Flagstar Bank (FLG) EVP George Buchanan Receives Award 61,475 Shares

What Happened George Buchanan, Executive Vice President and Chief Risk Officer of Flagstar Bank (NYSE: FLG), was granted 61,475 restricted stock units (RSUs) on 2026-03-15 (reported on Form 4). The grant was reported as an acquisition at $0.00 per share (award). Simultaneously, 4,368 shares were recorded as surrendered/disposed at $0.00 to satisfy tax withholding obligations.

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (filed promptly within the usual two‑business‑day window).
• Grant: 61,475 shares (code A — award/grant) reported at $0.00 acquisition price.
• Tax withholding: 4,368 shares surrendered (code F — tax withholding) reported at $0.00.
• Footnotes from the filing: F1 = service‑based RSUs that vest over time; F2 = shares surrendered to issuer to cover tax obligations.
• Shares owned after the transaction: not specified in the details provided in your prompt.

Context This was a compensation award (RSUs) rather than an open‑market purchase or sale. RSUs vest over time according to service conditions, so the grant is routine executive compensation and does not on its own signal a buy or sell decision. The surrender of shares to cover taxes is a common, administrative cashless/withholding action.