Executive Sells $164,000 Worth of Regional Bank Stock, Which Rallied 29% Over Last Year
Mackey's disposition reduced his direct equity stake by 39% through a non-discretionary sell-to-cover event tied to restricted stock unit vesting, while he retains 26,731 derivative securities.
In a recent SEC Form 4 filing, BankUnited, Inc.'s Chief Financial Officer James G. Mackey disposed of 3,517 shares of common stock, valued at $164,000 based on a weighted average sale price of $46.83 per share. The company, which serves as the holding entity for BankUnited, offers a wide range of financial services across the United States, including various deposit options and treasury management solutions.
Despite this sale, BankUnited's stock price increased by 29% over the previous year, indicating positive market sentiment.
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