secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2026-05-11T23:12:48+00:00
Accession:  0001628280-26-033753
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000162828026033753/0001628280-26-033753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000162828026033753/bku-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033753

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