Form 4: Dime Community Bancshares Chief Risk Officer Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Christopher J. Porzelt, Chief Risk Officer of Dime Community Bancshares, reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On February 3, 2025, Christopher J. Porzelt, Chief Risk Officer of Dime Community Bancshares, had 542 shares of common stock withheld to cover tax obligations.
- This withholding was related to the vesting of 1,313 shares of restricted stock on the same date.
- Following the transaction, Porzelt beneficially owns 12,993 shares of Dime Community Bancshares.
- The shares were withheld at a price of $31.23.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, and carries 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, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Date of execution of the Limited Power of Attorney. |
| 2025-02-03 | Date of transaction: withholding of shares for tax obligations and vesting of restricted stock. |
| 2025-02-12 | Date of signature on the Form 4 filing. |
Keywords
Form 4, DCOM, Dime Community Bancshares, Christopher J. Porzelt, Chief Risk Officer, Share Withholding, Tax Obligations, Restricted Stock, Beneficial Ownership
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