Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · BankUnited (BKU)

BankUnited amends CFO James Mackey's change-in-control bonus to double-trigger severance

Neutral Impact 2 of 5 leadership Written later

BankUnited, Inc. entered into an amended letter agreement with Chief Financial Officer James Mackey on May 11, 2026. The amendment changes his change-in-control retention bonus into a double-trigger severance benefit, so payment requires both a change in control and a qualifying termination.

Key points

  • Amended letter with CFO James Mackey dated May 11, 2026, approved by the Compensation Committee
  • Severance applies if he is terminated without cause or resigns for good reason within two years after a change in control
  • Lump sum severance equals two times his annual base salary, subject to an effective release of claims
  • Replaces his prior letter agreement dated July 22, 2025

The filing

CompanyBankUnited (BKU)
Form8-K, current report
Filed with the SECMay 11, 2026, 7:12 PM ET
Accession number0001628280-26-033753

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.