Kozlowski Damian 4
4 · Bancorp, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
The Bancorp (TBBK) CEO Damian Kozlowski Sells Shares to Cover Taxes
What Happened Damian Kozlowski, CEO of The Bancorp, Inc. (TBBK), was granted 80,580 restricted stock units (RSUs) on 2026-02-09 and on 2026-02-11 had 27,263 shares disposed to satisfy tax withholding obligations. The sale generated approximately $1,531,701 (reported average $56.18; execution prices ranged $55.98–$56.48). The RSUs vest annually in three equal installments.
Key Details
- Transactions: RSU grant (A) on 2026-02-09 for 80,580 RSUs; tax withholding sale (F) on 2026-02-11 disposing 27,263 shares.
- Sale price(s): range $55.98 to $56.48; reported per-share amount $56.18; proceeds ≈ $1,531,701.
- Reason: Shares sold to pay taxes due upon vesting of RSUs (footnote F2).
- Vesting: Each RSU converts to one share; vesting occurs annually in three equal installments (footnote F1).
- Beneficial ownership: Reporting person disclaims beneficial ownership except to extent of pecuniary interest (footnote F4).
- Filing timeliness: Report filed 2026-02-11 (same day as the disposal) — not indicated as late.
Context This was not a purchase signal but a routine tax-withholding sale tied to an equity award (RSUs). For retail investors, such disposals typically reflect standard payroll/tax mechanics rather than a deliberate investment decision; the underlying award remains subject to future vesting.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-09+80,580→ 738,236 total - Tax Payment
Common Stock
[F2][F3]2026-02-11$56.18/sh−27,263$1,531,701→ 710,973 total
- 16,153(indirect: By 401(k))
Common Stock
- 2,230(indirect: By son)
Common Stock
[F4] - 2,230(indirect: By son)
Common Stock
[F4]
Footnotes (4)
- [F1]The Reporting Person was granted restricted stock units, each of which represents the right to receive one share of common stock of The Bancorp, Inc. upon vesting. The restricted stock units shall vest annually in three equal installments.
- [F2]Shares were sold to pay the taxes due upon the vesting of restricted stock units.
- [F3]Shares were sold at prices ranging from $55.98 to $56.48.
- [F4]The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for any purpose.