BankUnited (BKU) awards COO 14,740 RSUs vesting 2026–2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cornish Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
BankUnited, Inc. reported that Chief Operating Officer Thomas M. Cornish received a grant of 14,740 restricted share units. Each unit represents the right to receive, at settlement, one share of common stock or cash equal to the fair market value of one share. Following this award, he holds 35,844 restricted share units directly. The grant was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and is scheduled to vest in three tranches on December 31, 2026, December 31, 2027, and December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cornish Thomas M.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 14,740 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 35,844 shares (Direct)
Footnotes (1)
- Each restricted share unit represents the right to receive, at settlement, one share of common stock or cash in an amount equal to the fair market value of one share of common stock. Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan. 4,913 units will vest on December 31, 2026; 4,914 on December 31, 2027; and 4,913 on December 31, 2028.
Key Figures
RSUs granted: 14,740 units
RSUs after transaction: 35,844 units
First vesting tranche: 4,913 units
+3 more
6 metrics
RSUs granted
14,740 units
Restricted share unit grant to COO on April 1, 2026
RSUs after transaction
35,844 units
Total restricted share units held directly after grant
First vesting tranche
4,913 units
Scheduled to vest on December 31, 2026
Second vesting tranche
4,914 units
Scheduled to vest on December 31, 2027
Third vesting tranche
4,913 units
Scheduled to vest on December 31, 2028
Transaction price per unit
$0.00
Grant price for restricted share units (compensation award)
Key Terms
Restricted Share Unit, Omnibus Equity Incentive Plan, vest
3 terms
Omnibus Equity Incentive Plan financial
"Issued pursuant to the terms of the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan"
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
vest financial
"4,913 units will vest on December 31, 2026; 4,914 on December 31, 2027; and 4,913 on December 31, 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did BankUnited (BKU) report for Thomas M. Cornish?
BankUnited reported that Chief Operating Officer Thomas M. Cornish received a grant of 14,740 restricted share units. This is a compensation-related award, not an open-market stock purchase or sale, and it increases his equity-based stake in the company.