Form 4: Brookline Bancorp Officer James M. Cosman Reports Sale of 16,000 Shares

James M. Cosman, Chief Operations Officer of Brookline Bancorp, sold 16,000 shares of common stock at $10 per share on March 8, 2024.

Summary

• On March 8, 2024, James M. Cosman, the Chief Operations Officer of Brookline Bancorp Inc. (BRKL), reported a transaction involving the company's common stock.
• Cosman sold 16,000 shares of common stock at a price of $10 per share.
• Following the transaction, Cosman directly owns 69,873 shares and indirectly owns 3,099 shares through an ESOP.
• The directly held shares include restricted stock granted under the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but without further context, it's difficult to assess the impact.

Stakeholder Impact

• The sale of shares by a company officer could potentially influence investor sentiment, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates