Form 4: Dime Community Bancshares CEO Stuart Lubow Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Dime Community Bancshares CEO Stuart Lubow reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- Stuart Lubow, President & CEO of Dime Community Bancshares, reported a transaction on February 26, 2025, involving the withholding of 854 common stock shares to cover tax obligations.
- The shares were withheld at a price of $30.59.
- Following the transaction, Lubow directly owns 215,753 shares of common stock.
- Lubow also indirectly owns 5,439 shares through a 401(k) and 19,499 shares through a spouse.
- Additionally, Lubow directly owns 8,000 shares of Preferred Stock, Series A.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing related to tax obligations, indicating a neutral to slightly positive sentiment as it reflects normal business operations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 2023-01-09 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2025-02-26 | Date of the transaction involving the withholding of shares for tax obligations. |
| 2025-02-28 | Date of signature for the Form 4 filing. |
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