Otting Joseph M 4

What Happened

• Joseph M. Otting, Executive Chairman, President & CEO (and Director) of Flagstar Bank (NYSE:FLG), was granted 81,967 shares (award/acquisition) on 2026-03-15 at $0.00 per share. On the same date, 43,044 shares were surrendered to the issuer to cover tax withholding (disposition at $0.00). The net result is an increase of 38,923 shares attributable to Otting from these transactions.

Key Details

• Transaction dates: 2026-03-15 (reported on Form 4 filed 2026-03-17)
• Grant: 81,967 shares (code A) at $0.00 — described as service-based restricted stock units (RSUs) in footnote F1
• Withholding: 43,044 shares surrendered to cover tax obligations (code F) at $0.00, per footnote F2
• Net shares from these entries: +38,923 (81,967 − 43,044)
• Shares owned after transaction: not specified in the filing
• Filing timeliness: Form 4 was filed two days after the transaction date (appears timely)

Context

• These were compensation-related awards (service-based RSUs), not open-market purchases or sales. The surrendered shares represent tax withholding (a common “cashless” method) rather than a market sale, so it doesn’t indicate a selling decision by the insider.