Flagstar Bank (NYSE: FLG) director Eli Miller receives 7,326-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLAGSTAR BANK, NATIONAL ASSOCIATION director Eli H. Miller received an equity grant of 7,326 shares of common stock. The award was reported as a grant or other acquisition at a price of $0.00 per share and brings his directly held position to 7,326 shares. A footnote explains that this total includes service-based restricted stock units that will vest into shares of common stock over time, indicating the grant is tied to continued service rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Eli H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,326 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,326 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 7,326 shares
Grant price: $0.00 per share
Total holdings after grant: 7,326 shares
3 metrics
Shares granted
7,326 shares
Grant, award, or other acquisition of common stock
Grant price
$0.00 per share
Reported transaction price for awarded shares
Total holdings after grant
7,326 shares
Direct ownership following the transaction
Key Terms
service based restricted stock units, Grant, award, or other acquisition, Common Stock, direct ownership
4 terms
service based restricted stock units financial
"Total includes service based restricted stock units that will vest in shares"
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.
direct ownership financial
"ownership_type: direct"
FAQ
What did Eli H. Miller report in this Form 4 for FLG?
Eli H. Miller reported receiving a grant of 7,326 shares of FLAGSTAR BANK common stock. The award was at $0.00 per share and is classified as a grant or award acquisition rather than an open-market purchase.
Is the Eli H. Miller FLG transaction a purchase or a grant?
The filing shows a grant, not a market purchase. The transaction code is A, described as a grant, award, or other acquisition, meaning the shares were awarded as compensation rather than bought on the open market.
What does the footnote about restricted stock units mean for FLG?
The footnote states the total includes service-based restricted stock units that vest over time. This means part or all of the reported 7,326 shares are subject to time-based vesting conditions tied to Miller’s continued service with FLAGSTAR BANK.