BankUnited CFO James Mackey gets double-trigger severance of 2x salary upon change in control

BankUnited, Inc.

Amended letter dated May 11, 2026 replaces July 22, 2025 retention letter with double-trigger severance.
Entitled to lump sum equal to 2x annual base salary if terminated without cause or for good reason within 2 years post-change in control.
Good reason includes 10%+ cut in salary/total target direct comp or relocation >30 miles, with notice and cure provisions.
Severance subject to release of claims and regulatory compliance with FDIC golden parachute rules.
Severance payment is separate from employment guarantee; does not guarantee continued employment.

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