Form 4: Dime Community Bancshares Director Joseph Perry Acquires Additional Common Stock
Insider Transaction Report
Dime Community Bancshares, Inc. Director Joseph Perry reported the acquisition of 127 shares of common stock at $26.94 per share, increasing his direct beneficial ownership to 56,314 shares.
Summary
- Director Joseph Perry acquired 127 shares of Dime Community Bancshares, Inc. common stock.
- The transaction occurred on July 1, 2025, at a price of $26.94 per share.
- Following this acquisition, Joseph Perry directly beneficially owns 56,314 shares of common stock and 3,000 shares of Preferred Stock, Series A.
- Additionally, 194 shares of common stock are indirectly beneficially owned through his daughter.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 6
Explanation: Slightly positive due to a director increasing their stake, indicating confidence, but the transaction size is small, making the overall impact neutral to slightly positive.
Positives
- A director increasing their stake in the company can be interpreted as a positive signal of confidence in the company's future prospects and valuation.
Future Outlook
No specific future outlook or guidance is provided in this routine insider transaction report.
Management Comments
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Industry Context
This is a routine insider transaction for a financial institution. Such transactions are common and generally reflect individual investment decisions rather than broader industry trends, unless part of a larger pattern across the sector.
Related Party Transactions
- Joseph Perry's indirect beneficial ownership of 194 common shares through his daughter is disclosed.
Stakeholder Impact
- Shareholders: A director's purchase, even if small, can be perceived as a minor positive signal of confidence in the company's value and future performance.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Date Joseph J. Perry executed the Limited Power of Attorney, authorizing designated individuals to handle his Section 16 reporting obligations. |
| 2025-07-01 | Date of the common stock acquisition transaction by Director Joseph Perry. |
| 2025-07-02 | Date the Form 4 was signed by Megan Hickey, acting as attorney-in-fact for Joseph Perry. |
Keywords
Dime Community Bancshares, DCOM, Joseph Perry, Director, Insider Trading, Form 4, Stock Acquisition, Common Stock, Beneficial Ownership, SEC Filing, Rule 10b5-1
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