Form 4: Dime Community Bancshares CEO Stuart Lubow Reports Share Withholding for Tax Obligations
SEC Form 4
Dime Community Bancshares' CEO, Stuart Lubow, reported the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On July 1, 2024, Stuart Lubow, President & CEO of Dime Community Bancshares, Inc., had 707 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of 1,386 shares of restricted stock.
- Following the transaction, Lubow directly owns 219,911 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: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
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 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 |
|---|---|
| January 9 2023 | Date of execution of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| July 1 2024 | Date of the transaction where shares were withheld to satisfy tax obligations. |
| July 3 2024 | Date of signature of the Form 4 report by attorney-in-fact. |
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