BankUnited, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: BKU · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 1504008

Sentiment: neutral

Topics: BankUnited, BKU, DEF 14A, Proxy Statement, Executive Compensation

TL;DR

<b>BankUnited, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and stock award information.</b>

AI Summary

BankUnited, Inc. (BKU) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. BankUnited, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 14817 Oak Lane, Miami Lakes, FL 33016. The filing includes data on stock awards granted to PEO and Non-PEO members for fiscal years 2020-2023. Details on the fair value of awards granted, vested, and outstanding are provided for the specified periods.

Why It Matters

For investors and stakeholders tracking BankUnited, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, stock awards, and voting matters, enabling informed decisions at the annual meeting. The detailed breakdown of stock awards and their fair values over multiple fiscal years allows for an analysis of compensation trends and potential shareholder value.

Risk Assessment

Risk Level: — BankUnited, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational events.

Analyst Insight

Review the executive compensation details and stock award performance to assess alignment with shareholder interests and company performance.

Key Numbers

Key Players & Entities

FAQ

When did BankUnited, Inc. file this DEF 14A?

BankUnited, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by BankUnited, Inc. (BKU).

Where can I read the original DEF 14A filing from BankUnited, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by BankUnited, Inc..

What are the key takeaways from BankUnited, Inc.'s DEF 14A?

BankUnited, Inc. filed this DEF 14A on April 4, 2024. Key takeaways: BankUnited, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 14817 Oak Lane, Miami Lakes, FL 33016..

Is BankUnited, Inc. a risky investment based on this filing?

Based on this DEF 14A, BankUnited, Inc. presents a moderate-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational events.

What should investors do after reading BankUnited, Inc.'s DEF 14A?

Review the executive compensation details and stock award performance to assess alignment with shareholder interests and company performance. The overall sentiment from this filing is neutral.

How does BankUnited, Inc. compare to its industry peers?

BankUnited, Inc. operates as a savings institution, federally chartered, within the financial services sector.

Are there regulatory concerns for BankUnited, Inc.?

As a federally chartered savings institution, BankUnited is subject to regulations from relevant financial authorities, though specific regulatory details are not elaborated in this excerpt.

Industry Context

BankUnited, Inc. operates as a savings institution, federally chartered, within the financial services sector.

Regulatory Implications

As a federally chartered savings institution, BankUnited is subject to regulations from relevant financial authorities, though specific regulatory details are not elaborated in this excerpt.

What Investors Should Do

  1. Analyze the executive compensation structure and any proposed changes.
  2. Evaluate the performance metrics tied to stock awards and their vesting schedules.
  3. Review any shareholder proposals and management's recommendations.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard annual disclosure for public companies, and does not represent a change from previous filings in terms of its nature, but provides updated information for the latest fiscal year.

Filing Stats: 4,597 words · 18 min read · ~15 pages · Grade level 11.2 · Accepted 2024-04-04 16:33:05

Key Financial Figures

Filing Documents

From the Filing

bkuproxy-20240404 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement o Definitive Additional Materials o Soliciting Material Pursuant to 240.14a-12 BANKUNITED, INC. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. 14817 Oak Lane Miami Lakes, FL 33016 Notice of 2024 Annual Meeting of Shareholders and Proxy Statement 14817 Oak Lane Miami Lakes, FL 33016 April 4, 2024 Dear Fellow Shareholders: We cordially invite you to join us at the 2024 virtual Annual Meeting of Shareholders of BankUnited, Inc. which will be held on Wednesday, May 15, 2024 at 9:00 a.m., Eastern Time. You will be able to attend the Annual Meeting as well as vote and submit questions during the meeting by visiting: www.virtualshareholdermeeting.com/BKU2024 . Information on how to participate in this year's Annual Meeting can be found on page 84. As described in more detail in the accompanying Notice of Annual Meeting of Shareholders and Proxy Statement, the purpose of the meeting is: 1. To elect nine director nominees identified in the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of shareholders and until that person's successor is duly elected and qualified, or until that person's earlier, death, resignation or removal; 2. To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2024; 3. To hold an advisory vote to approve the compensation of our named executive officers; 4. To hold an advisory vote on the frequency of the shareholder vote to approve the compensation of our named executive officers in the future; and to transact any other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Only holders of common stock registered on the Company's books as owners of shares at the close of business on March 18, 2024, are entitled to vote at the Annual Meeting. You will be required to enter your control number found on your proxy card or notice to enter the meeting. Your vote is important. At the meeting, shareholders will vote on a number of important matters. Please take the time to carefully read each of the proposals described in the attached Proxy Statement. Whether or not you plan to attend the virtual meeting, we urge you to vote and submit your proxy so that as many shares as possible may be represented at the meeting. Your proxy is revocable and will not affect your right to vote at the virtual meeting if you choose to attend. Thank you for your continued support and investment in BankUnited, Inc. Sincerely, Rajinder P. Singh Chairman, President and Chief Executive Officer 14817 Oak Lane Miami Lakes, FL 33016 NOTICE OF 2024 VIRTUAL ANNUAL MEETING OF SHAREHOLDERS Time and Date 9:00 a.m., Eastern Time, on May 15, 2024 Virtual Meeting Details Shareholders will be able to listen, vote, and submit questions from any location that has Internet connectivity. Shareholders may participate by logging in at: www.virtualshareholdermeeting.com/BKU2024 . Please see the instructions on page 84 of the Proxy Statement. Items of Business Proposal No. 1: To elect nine director nominees identified in the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of shareholders and until that person's successor is duly elected and qualified, or until that person's earlier death, resignation or removal. Proposal No. 2: To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2024. Proposal No. 3: To hold an advisory vote to approve the compensation of our named executive officers. Proposal No. 4: To hold an advisory vote on the frequency of the shareholder vote to approve the compensation of our named executive officers in the future; and To transact any other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Record Date You are entitled to vote at the Annual Meeting and at any adjournments or postponements thereof if you were a shareholder of record at the close of business on March 18, 2024 (the "Record Date"). On the Record Date, BankUnited, Inc. had 74,774,024 shares of common stock issued and outstanding. Voting Your vote is very important. Whether or not

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