Kozlowski Damian 4

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.