Business Context and Reporting Period
Company: BankUnited, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 11, 2026
Principal Executive Offices: Miami Lakes, FL
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The filing reports a material change to the compensatory arrangement of a senior officer:
- Officer: James Mackey, Chief Financial Officer.
- Action: The Compensation Committee approved an amended and restated letter agreement on May 11, 2026.
- Change: Modified a prior change in control retention bonus to a "double-trigger" severance benefit.
- Terms: If employment is terminated without "cause" or by the officer for "good reason" within two years of a change in control, the officer receives a lump sum equal to two times his annual base salary, subject to a release of claims.
- Supersession: This agreement replaces the letter agreement dated July 22, 2025.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of general business risks. The primary contingency noted is the specific severance obligation triggered by a change in control event combined with a qualifying termination.
Investor Verification Checklist
- Verify the specific definitions of "cause" and "good reason" in the attached Exhibit 10.1.
- Confirm the current annual base salary of James Mackey to calculate the potential severance liability.
- Review the superseded July 22, 2025 agreement to understand the nature of the prior retention bonus.
- Monitor for any future filings regarding a change in control of the Company.