Form 4: Dime Community Bancshares Director Kenneth Mahon Reports $817,285 Sale of Common Stock

Director Kenneth J. Mahon reported the sale of 25,000 shares of Dime Community Bancshares, Inc. common stock at a price of $32.6914 per share on February 11, 2025.

Summary

• On February 11, 2025, Kenneth J. Mahon, a director of Dime Community Bancshares, Inc., sold 25,000 shares of common stock.
• The sale price was $32.6914 per share.
• Following the transaction, Mahon directly owns 256,880 shares of common stock.
• Mahon also directly owns 10,000 shares of Preferred Stock, Series A.
• The transaction was reported on a Form 4 filing with the SEC.
• Mahon has a Limited Power of Attorney, dated December 15, 2022, authorizing individuals to file SEC forms on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a director. It's neutral in sentiment as it simply discloses a transaction.

Industry Context

This is a routine disclosure of a transaction by a company insider, as required by SEC regulations. It provides transparency to the market regarding the trading activities of company directors.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it's a common occurrence and doesn't necessarily indicate a negative outlook on the company.

Key Dates

Keywords

Form 4, DCOM, Dime Community Bancshares, Director, Stock Sale, Kenneth Mahon, Beneficial Ownership, SEC Filing