4/A: Dime Community Bancshares Director Kevin Stein Amends SEC Filing to Reflect Share Ownership

Director Kevin Stein of Dime Community Bancshares amended a previous SEC filing to accurately reflect his share ownership, including a recent restricted stock award and shares held in a trust.

Summary

• Kevin Stein, a director at Dime Community Bancshares, filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing to accurately reflect his beneficial ownership of company stock.
• The filing shows that on January 2, 2025, Mr. Stein acquired 2,203 shares of common stock as a restricted stock award.
• These shares vest one year from the grant date.
• The amended filing also clarifies that Mr. Stein directly owns 4,859 shares and indirectly owns 1,296 shares through an IRA.
• Additionally, 23,264 shares are held indirectly through The Kevin Stein Rev Living Trust U/A 4/30/19, where Kevin and Robin Stein are trustees.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing, and the amendment is a positive action to ensure accuracy. There is no indication of negative sentiment.

Positives

• The amended filing provides a clear and accurate picture of Kevin Stein's share ownership in Dime Community Bancshares.
• The disclosure of the restricted stock award provides transparency regarding director compensation.

Industry Context

This type of filing is standard for corporate insiders and is required by the SEC to ensure transparency in stock ownership.

Comparison to Industry Standards

• SEC Form 4 filings are a common practice for directors and officers of publicly traded companies, such as Dime Community Bancshares.
• The reporting of restricted stock awards and trust holdings is consistent with standard disclosure requirements.
• Similar filings can be seen from directors and officers at comparable financial institutions like New York Community Bancorp (NYCB) and Signature Bank (SBNY).

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.
• The information is relevant to investors who track insider ownership.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Dime Community Bancshares, Kevin Stein, Restricted Stock, Director, Share Ownership, Amendment, Trust