Form 4: Dime Community Bancshares Chief Risk Officer Reports Tax Withholding of Shares
SEC Form 4
Christopher J. Porzelt, Chief Risk Officer of Dime Community Bancshares, reports the withholding of 165 common stock shares to cover tax obligations related to vested restricted stock.
Summary
- On July 1, 2024, Christopher J. Porzelt, the Chief Risk Officer of Dime Community Bancshares, had 165 shares of common stock withheld to satisfy tax obligations.
- This transaction occurred at a price of $20.09 per share.
- Following this transaction, Porzelt directly owns 13,535 shares of Dime Community Bancshares common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Date of Limited Power of Attorney execution. |
| 2024-07-01 | Date of transaction: withholding of shares for tax obligations. |
| 2024-07-03 | Date of report signature. |
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