Lamb William H 4

What Happened

• William H. Lamb, a director of The Bancorp, Inc. (TBBK), was granted 2,250 restricted stock units (RSUs) on May 27, 2026. The grant price is reported as N/A because these are compensation awards rather than an open‑market purchase. Under the grant terms, each RSU represents the right to receive one share upon vesting; the RSUs vest in full one year from the grant date.

Key Details

• Transaction date: 2026-05-27 (reported on Form 4 filed 2026-05-28).
• Transaction type: Award/Grant (code A) — 2,250 RSUs; price: N/A.
• Vesting: RSUs vest in full one year from the grant date (see footnote F1).
• Shares owned after transaction: not specified in the report.
• Footnotes of note:
  • F1: Each RSU converts to one share upon vesting; full vesting in one year.
  • F2/F3: The reporting person disclaims beneficial ownership for certain trusts/holdings (trustee for four trusts for grandchildren and additional disclaimers); the report disclaims beneficial ownership of these securities.
• Timeliness: Filed the day after the reported grant (no late‑filing indication).

Context

• RSUs are compensation awards that do not convey stock ownership or sale proceeds until they vest and shares are delivered; they are not the same as an open‑market purchase or sale. Grants to directors are common as part of compensation packages and do not, by themselves, indicate buying or selling intent. The reporting person’s disclaimers mean some or all of these shares may be held in trust for beneficiaries and may not reflect direct beneficial ownership.