Blinde Neal 4
4 · CAPITAL ONE FINANCIAL CORP · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Capital One President Neal Blinde Receives Award; Shares Withheld
What Happened
Neal Blinde, President of Commercial Banking at Capital One (COF), received an award of 8,342 performance shares that settled on 2026-03-09. To satisfy the tax liability from that settlement, 3,624 shares were automatically withheld by the company at an implied price of $185.73 per share, equal to $673,086. The award payout includes dividend-equivalent shares and reflects actual performance over the vesting period.
Key Details
- Transaction date: 2026-03-09 (award settlement and share withholding).
- Award: 8,342 shares granted/paid out (transaction code A; acquisition recorded at $0.00).
- Tax withholding: 3,624 shares withheld (transaction code F) at $185.73 per share, total value $673,086.
- Shares owned after transaction: not specified in the filing.
- Footnotes: (1) Shares stem from a performance-share award granted 01/26/2023 (amended 11/02/2023) tied to dividends + tangible book value growth and adjusted ROTCE vs peers over a 3-year period; (2) Withholding was automatic and authorized by the award agreement to satisfy tax obligations.
- Filing timeliness: Report filed 2026-03-11 for a 2026-03-09 settlement — appears to be a timely Form 4 filing.
Context
This was a settlement of performance-based restricted shares, not an open-market sale. The 3,624-share "disposition" reflects company withholding to cover taxes (routine) rather than a voluntary sell order by the insider. Such awards are common in executive compensation and do not by themselves indicate buying or selling sentiment in the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-09+8,342→ 41,893 total - Tax Payment
Common Stock
[F2]2026-03-09$185.73/sh−3,624$673,086→ 38,269 total
Footnotes (2)
- [F1]These shares were earned pursuant to an award of performance shares granted on January 26, 2023, as amended on November 2, 2023, based on the Company's Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE against a peer group of companies over a three-year performance period. These shares represent the number of shares paid out based on actual performance plus the dividend shares accrued under the same grant.
- [F2]These shares were automatically withheld by the Company to satisfy the reporting person's tax obligation associated with the settlement of the performance shares. This share withholding was authorized in the performance share award agreement.