Bao Nguyen 4
Research Summary
AI-generated summary
Flagstar (FLG) SEVP Bao Nguyen Receives 122,951-Share Award
What Happened
- Bao Nguyen, Senior EVP, General Counsel & Chief of Staff to the CEO at Flagstar Bank (NYSE: FLG), was granted 122,951 shares (service-based restricted stock units) on March 15, 2026 at $0.00 per share (award).
- On the same date, 8,609 shares were disposed (surrendered) to the issuer to cover tax withholding obligations (reported as code F, $0.00).
- These transactions are awards and tax-withholding actions (not open-market purchases or sales) and are typically part of executive compensation, not a straightforward buy/sell signal.
Key Details
- Transaction date: March 15, 2026; Filing date: March 17, 2026 (filed within the standard reporting window).
- Award: 122,951 shares granted (code A) at $0.00 per share; Tax withholding: 8,609 shares surrendered (code F) at $0.00.
- Shares owned after the transactions: not specified in the information provided in this summary.
- Footnotes: F1 — these are service-based RSUs that vest over time; F2 — 8,609 shares were surrendered to the issuer to cover tax obligations.
- Filing timeliness: reported promptly (no late-filing indication).
Context
- These awards are restricted stock units that convert to shares as they vest; the grant itself is compensation rather than a market purchase.
- The surrender of shares to cover taxes is a common administrative step (cashless/withholding mechanism) and does not necessarily indicate a change in the insider’s market view.