4//SEC Filing
Borja Paul D 4
Accession 0001033012-22-000112
CIK 0001033012other
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 2:37 PM ET
Size
15.0 KB
Accession
0001033012-22-000112
Insider Transaction Report
Form 4
FLAGSTAR BANCORP INC(NYSE:FBC)
Borja Paul D
Executive VP and CFO
Transactions
- Disposition to Issuer
Restricted Stock Unit (L052422)
2022-12-01−7,075→ 0 total→ Flagstar Bancorp, Inc. Common Stock (7,075 underlying) - Award
Flagstar Bancorp, Inc. Common Stock
2022-12-01+2,484→ 31,010 total - Tax Payment
Flagstar Bancorp, Inc. Common Stock
2022-12-01−711→ 30,299 total - Disposition to Issuer
Restricted Stock Unit (L060220)
2022-12-01−677→ 0 total→ Flagstar Bancorp, Inc. Common Stock (677 underlying) - Disposition to Issuer
Flagstar Bancorp, Inc. Common Stock
2022-12-01−30,299→ 0 total - Disposition to Issuer
Restricted Stock Unit (L052521)
2022-12-01−2,183→ 0 total→ Flagstar Bancorp, Inc. Common Stock (2,183 underlying)
Footnotes (5)
- [F1]The reporting person acquired these shares upon the settlement of certain Performance Share Units (PSUs) of the issuer, accelerated at merger. The PSUs were originally granted on June 2, 2020 under the Issuer's 2016 Stock Award and Incentive Plan.
- [F2]Includes 27.02 shares and 30.2 shares acquired on August 19, 2022 and November 17, 2022, respectively, from a broker dividend reinvestment plan with substantially the same terms as the Issuer's qualified plan.
- [F3]These shares were surrendered to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of issuer.
- [F4]Disposed of in connection with the Agreement and Plan of Merger by and among Issuer and New York Community Bancorp, Inc. ("NYCB"), dated April 24, 2021, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 4.0151 shares of NYCB common stock (the "Exchange Ratio") and cash in lieu of fractional shares, if applicable.
- [F5]At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer RSU was converted into a time-based restricted stock unit denominated in shares of NYCB Common Stock based on the Exchange Ratio (NYCB "RSUs").
Documents
Issuer
FLAGSTAR BANCORP INC
CIK 0001033012
Entity typeother
Related Parties
1- filerCIK 0001328186
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 2:37 PM ET
- Size
- 15.0 KB