This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BankUnited, Inc. Grants Employee Inducement Awards Pursuant To New York Stock Exchange Listed Company Manual Section 303A.08

Stocks in this article: BKU

BankUnited, Inc. (the “Company”) (NYSE:BKU) today announced, as required by New York Stock Exchange (NYSE) Listed Company Manual Section 303A.08, that the Company granted employment inducement awards in the form of restricted shares of the Company’s common stock to five new employees on November 7, 2013. The total number of restricted shares of the Company’s common stock awarded to these employees was 4,500 (the “Restricted Shares”).

Each of the Restricted Share awards vest in one-third installments on each of the first three anniversaries of the date of grant of the award if the individual is still employed by the Company on the applicable vesting date. The Restricted Shares vest in full upon a change in control of the Company (as described in the award agreement). In addition, in the event the employee’s employment is terminated for any reason, the Restricted Shares held by such employee at the time of such termination will terminate immediately.

These Restricted Share awards are granted outside of the Company's 2010 Omnibus Equity Incentive Plan (the “Plan”), but except as set forth in the award agreement, will generally be subject to the same terms and conditions as apply to restricted shares granted under the Plan. The Compensation Committee of the Company’s Board of Directors approved these employment inducement awards in reliance on the employment inducement exception to shareholder approval provided under NYSE Listed Company Manual Section 303A.08, referenced above. To comply with the terms of this exemption, these employment inducement awards require an immediate public announcement of the awards and written notice to the NYSE.

About BankUnited, Inc.

BankUnited, Inc. is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 99 branches in 15 Florida counties and 5 banking centers in the New York metropolitan area.



Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,908.16 +103.36 0.58%
S&P 500 2,071.83 +1.18 0.06%
NASDAQ 4,773.7480 +8.3680 0.18%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs