Flagstar (FLG) CEO Joseph Otting receives 749,625-share equity award, holds 1,041,499 shares

Rhea-AI Filing Summary

FLAGSTAR BANK, NATIONAL ASSOCIATION executive chairman and CEO Joseph M. Otting reported an equity compensation award of common stock. He acquired 749,625 shares of Common Stock on May 18, 2026 at a stated price of $0.00 per share, reflecting a grant or award rather than an open-market purchase.

Following this award, Otting directly holds 1,041,499 shares of Common Stock. A footnote explains that the reported holdings include service-based restricted stock units that will vest into shares of Flagstar’s common stock over time, highlighting that part of his position is tied to continued service and future vesting.

Insights

Equity compensation and governance analyst

CEO received a large stock award, boosting direct equity alignment without open-market buying.

Joseph M. Otting, executive chairman and CEO of FLAGSTAR BANK, NATIONAL ASSOCIATION, received an equity award of 749,625 shares of Common Stock at a stated price of $0.00 per share. This is coded as a grant or award acquisition, not a market purchase or sale.

After the grant, his direct holdings total 1,041,499 shares, increasing his exposure to Flagstar’s share price. A footnote notes that these holdings include service-based restricted stock units that vest over time, so part of his stake depends on continued service and vesting conditions. The filing shows a single acquire-side transaction and no derivative positions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Otting Joseph M

Role Exec Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	749,625	$0.00	--

Holdings After Transaction: Common Stock — 1,041,499 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Equity award size: 749,625 shares Award price: $0.00 per share Holdings after transaction: 1,041,499 shares +2 more

5 metrics

Equity award size 749,625 shares Common Stock grant on May 18, 2026

Award price $0.00 per share Stated transaction price for equity grant

Holdings after transaction 1,041,499 shares Total Common Stock directly held after award

Acquire transactions 1 transaction Single grant/award acquisition reported

Sell transactions 0 transactions No sales reported in this Form 4

Key Terms

restricted stock units, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

restricted stock units financial

"Includes service based restricted stock units that will vest in shares of Issuer's common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 05/20/2026 - 11:50 AM Accepted by SEC EDGAR 05/20/2026 - 11:50 AM Learn about SEC filing dates

FAQ

What did Flagstar (FLG) CEO Joseph Otting report in this Form 4?

Joseph M. Otting reported receiving an equity award of 749,625 shares of Flagstar common stock. The award carried a stated price of $0.00 per share and was classified as a grant or award acquisition rather than an open-market transaction.

How many Flagstar (FLG) shares does Joseph Otting hold after this transaction?

After the reported award, Joseph M. Otting directly holds 1,041,499 shares of Flagstar common stock. This total includes service-based restricted stock units that are scheduled to vest over time into actual shares of the company’s common stock.

Was Joseph Otting’s recent Flagstar (FLG) transaction a stock purchase or a grant?

The transaction was a grant or award acquisition, not an open-market purchase. Form 4 data shows transaction code A, a stated price of $0.00 per share, and describes it as a grant, award, or other acquisition of common stock for compensation.

Does Joseph Otting’s Form 4 for Flagstar (FLG) show any stock sales?

No stock sales are reported in this Form 4. The transactionSummary indicates one acquire-side transaction and zero sell transactions, with the single entry being a grant or award of 749,625 shares of Flagstar common stock to the executive chairman and CEO.

What do the restricted stock units in the Flagstar (FLG) Form 4 footnote mean?

The footnote explains that Otting’s reported holdings include service-based restricted stock units. These units will vest into shares of Flagstar’s common stock over time, meaning a portion of his equity exposure depends on continued service and future vesting events.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Otting Joseph M

(Last) (First) (Middle)

102 DUFFY AVENUE

(Street)

HICKSVILLE NEW YORK 11801

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FLAGSTAR BANK, NATIONAL ASSOCIATION [ NYSE:FLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		749,625(1)	A	$0	1,041,499(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes service based restricted stock units that will vest in shares of Issuer's common stock over the passage of time.

Remarks:

	/s/ Jan M. Klym, by Power of Attorney	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)