Jay D. Richards - 01 Mar 2023 Form 4 Insider Report for BankUnited, Inc. (BKU)

Role
Officer of Subsidiary
Signature
/s/ Susan Greenfield as Attorney-in-Fact
Issuer symbol
BKU
Transactions as of
01 Mar 2023
Net transactions value
-$163,914
Form type
4
Filing time
03 Mar 2023, 16:13:48 UTC
Previous filing
07 Jun 2022
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKU Common Stock, par value $0.01 per share Award $0 +13,000 +42% $0.000000 43,973 01 Mar 2023 Direct F1
transaction BKU Common Stock, par value $0.01 per share Tax liability $122,733 -3,468 -7.9% $35.39 40,505 01 Mar 2023 Direct F2
transaction BKU Common Stock, par value $0.01 per share Tax liability $41,181 -1,181 -2.9% $34.87 39,324 02 Mar 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 13,000 restricted shares issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. The restricted shares have a grant date of March 1, 2023, and will vest over a four period on each of the four anniversaries from the date of grant, subject to the reporting person's continued service through the vesting date.
F2 Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares on March 1, 2023. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.
F3 Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares on March 2, 2023. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.

Remarks:

The Reporting Person is Chief Risk Officer of BankUnited, N.A., a wholly owned subsidiary of BankUnited, Inc.