Davis Reginald E 4

What Happened

• Reginald E. Davis, SEVP & President, Consumer Banking at Flagstar Bank (NYSE:FLG), surrendered 923 shares to the issuer on 2026-03-24 to satisfy tax withholding obligations related to vested awards. The filing reports the shares were surrendered at $0.00 per share and no cash proceeds were received — this is a tax-withholding/settlement action, not an open-market sale.

Key Details

• Transaction date: 2026-03-24; Filing date: 2026-03-25.
• Transaction type: F — payment of exercise price or tax liability (shares surrendered to issuer for taxes).
• Shares surrendered: 923; price reported: $0.00 per share; proceeds reported: $0.
• Shares owned after transaction: the filing does not state an explicit post-transaction total; it notes direct holdings include shares from vested awards (see footnotes).
• Important footnotes:
  • F1: Shares were surrendered to cover tax obligations on shares for which restrictions lapsed.
  • F2: Direct holdings include certain shares previously held as Stock Awards that vested.
  • F3: Total holdings include service-based restricted stock units that will vest over time.
  • F4: Remaining shares from the Dec 1, 2022 award vest in two roughly equal annual installments beginning Dec 1, 2026.
• Timeliness: filed the next day (2026-03-25) following the 2026-03-24 transaction.

Context

• This was a routine tax-withholding/share-surrender related to vested stock awards (a common administrative action), not an open-market disposal that signals trading intent. For retail investors, such withholdings do not necessarily reflect the insider’s view of the company.