Wainwright Maria 4
Research Summary
AI-generated summary
Bancorp (TBBK) EVP Maria Wainwright Sells Shares for Taxes
What Happened
- Maria Wainwright, EVP and Chief Marketing Officer of The Bancorp, Inc. (TBBK), received a grant of 9,669 restricted stock units (RSUs) on 2026-02-09 and, on 2026-02-11, had 2,793 shares sold to satisfy tax withholding obligations associated with RSU vesting. The sale brought in approximately $159,588 (shares sold at prices ranging from $56.79 to $57.40; the filing lists $57.14 as the per-share figure for the tax withholding).
Key Details
- Transaction dates: RSU grant on 2026-02-09 (code A); shares sold for tax withholding on 2026-02-11 (code F).
- Shares involved: 9,669 RSUs granted; 2,793 shares disposed to cover taxes.
- Prices: sale prices ranged $56.79–$57.40; filing cites $57.14 for the tax-withholding disposition; total proceeds ≈ $159,588.
- Footnotes: F1 — RSUs represent one share per unit and vest annually in three equal installments. F2 — Shares were sold specifically to pay taxes due on vesting. F3 — sale price range as above.
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: Form 4 was filed on 2026-02-11 (covers transactions on 2026-02-09 and 02-11), which is within the standard 2-business-day reporting window.
Context
- These transactions reflect an RSU grant and a routine tax-withholding sale (common when restricted stock vests). Such withholding sales are generally administrative and do not necessarily signal the insider’s market view.