Banfield William D. 4
4 · Rocket Companies, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rocket Companies CBO William Banfield Receives RSU Award
What Happened
William D. Banfield, Chief Business Officer of Rocket Companies (RKT), was granted 234,113 restricted stock units (RSUs) on March 7, 2026 (transaction code A). Concurrently, 44,053 shares were forfeited/withheld to satisfy tax withholding obligations at $14.95 per share (transaction code F), totaling $658,592. The RSUs represent the right to receive one share per vested RSU upon vesting.
Key Details
- Transaction dates: Granted and tax-withholding recorded on 2026-03-07; Form 4 filed 2026-03-10 (timely filing).
- Grant: 234,113 RSUs @ $0.00 (award).
- Tax withholding: 44,053 shares forfeited/withheld @ $14.95 = $658,592 (disposed to cover taxes).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: RSUs granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan; grant exempt under Rule 16b-3 and approved by a committee of independent directors. RSUs vest in six equal semi-annual installments over three years (each March 7 and September 7), beginning September 7, 2026, subject to continued employment. Forfeiture (F) relates to shares surrendered to cover withholding taxes.
- Exhibit: 24.1 Power of Attorney referenced.
Context
This filing reflects an equity award (RSUs) rather than an open-market purchase or sale. The withholding of shares to satisfy tax obligations is a routine administrative step (not an independent sale signal). RSUs vest over time, so these shares are subject to future vesting conditions before they convert into deliverable stock.
Insider Transaction Report
- Award
Class A common stock
[F1]2026-03-07+234,113→ 953,993 total - Tax Payment
Class A common stock
[F2]2026-03-07$14.95/sh−44,053$658,592→ 909,940 total
- 2,826,979
Class L-1 common stock
- 2,826,979
Class L-2 common stock
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs were granted to the Reporting Person on March 7, 2026 and will vest in six equal, semi-annual installments over three years on each March 7 and September 7, with the initial vesting date on September 7, 2026, subject to the Reporting Person's continued employment on the applicable vesting date.
- [F2]Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units granted by the Issuer under its 2020 Omnibus Incentive Plan.