Form 4: Dime Community Bancshares CEO Stuart Lubow Reports Share Withholding for Tax Obligations
SEC Form 4
Stuart Lubow, President & CEO of Dime Community Bancshares, reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On February 3, 2025, Stuart Lubow, President & CEO of Dime Community Bancshares, had 3,304 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the vesting of 9,184 shares of restricted stock on the same date.
- Following the transaction, Lubow directly owns 216,607 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: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 2023-01-09 | Date of Limited Power of Attorney execution. |
| 2025-02-03 | Date of share withholding for tax obligations and vesting of restricted stock. |
| 2025-02-12 | Date of signature for the Form 4 filing. |
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