Form 4: CEO Goldrick's BRKL Stock Disposition
Insider Transaction Report
Brookline Bancorp CEO Michael P. Goldrick reported the disposition of common stock to cover tax liabilities related to restricted stock vesting.
Summary
- Michael P. Goldrick, CEO of PCSB Bank, a subsidiary of Brookline Bancorp Inc. (BRKL), reported changes in his beneficial ownership.
- On August 2, 2025, Goldrick disposed of 996 shares of common stock at a price of $10.28 per share.
- On the same date, he disposed of an additional 1,101 shares of common stock, also at $10.28 per share.
- These dispositions were coded as 'F', indicating shares withheld for payment of tax liability incident to the vesting of restricted stock.
- Following these transactions, Goldrick directly beneficially owns 47,580 shares of common stock and indirectly owns 5,000 shares through an IRA.
- The direct ownership includes shares of restricted stock granted under the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (disposition of shares for tax purposes upon vesting of restricted stock), which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Positives
- Vesting of restricted stock indicates the fulfillment of equity compensation terms for the CEO.
Negatives
- No direct negative implications for the company's operations or financial health from this routine transaction.
Industry Context
This filing details a routine insider transaction for a financial institution, specifically related to executive compensation and tax obligations upon the vesting of equity awards. It does not provide broader industry trends or competitive insights.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine tax-related disposition of shares by an executive.
- Employees: Reflects standard executive compensation practices related to equity awards.
Key Dates
| Date | Description |
|---|---|
| 08/02/2025 | Date of earliest transaction (disposition of common stock for tax liability). |
| 08/05/2025 | Signature date of the reporting person. |
Keywords
Brookline Bancorp, BRKL, Michael P. Goldrick, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock, Equity Compensation, CEO, PCSB Bank
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