Form 4: Dime Community Bancshares Director Receives Stock Award
Insider Transaction Report
Paul M. Aguggia, a Director at Dime Community Bancshares, Inc., was granted 2,080 shares of common stock as a restricted stock award.
Summary
- Paul M. Aguggia, a Director of Dime Community Bancshares, Inc. (DCOM), acquired 2,080 shares of common stock.
- The transaction occurred on January 1, 2026.
- The shares were acquired as a Restricted Stock Award with a price of $0.00 per share.
- The award cliff vests on the one-year anniversary of the grant date, which is January 1, 2027.
- Following this transaction, Mr. Aguggia beneficially owns 14,973 shares of common stock.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. This is a routine compensation event, but the grant of equity aligns director interests with shareholders, which is generally viewed favorably.
Positives
- Director Paul M. Aguggia received a restricted stock award, aligning his interests with long-term shareholder value.
Future Outlook
The restricted stock award granted to Director Paul M. Aguggia is scheduled to cliff vest on January 1, 2027.
Industry Context
This is a routine compensation event for a director in a publicly traded company, common across all industries, and does not provide specific industry-wide insights.
Comparison to Industry Standards
- The grant of restricted stock is a standard form of equity compensation for directors, aligning with common corporate governance practices to incentivize long-term performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Delegation | Paul M. Aguggia granted a Limited Power of Attorney to specific individuals (Megan Hickey, Marc Levy, Jeffrey Cass, Edward A. Quint) to prepare, execute, acknowledge, deliver, and file Section 16 reports (Forms ID, 3, 4, and 5) on his behalf. | 2022-12-15 | Streamlines compliance with Section 16 reporting obligations for the director, ensuring timely and accurate filings. |
Related Party Transactions
- Paul M. Aguggia, a Director, received a restricted stock award from Dime Community Bancshares, Inc., which is a standard compensation mechanism between a company and its related party (director).
Stakeholder Impact
- Shareholders: The grant of restricted stock to a director aligns management incentives with shareholder interests, potentially fostering long-term value creation.
Next Steps
- The restricted stock award will cliff vest on January 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Date of Limited Power of Attorney for Section 16 reporting obligations granted by Paul M. Aguggia. |
| 2026-01-01 | Date of Restricted Stock Award grant to Paul M. Aguggia. |
| 2026-01-05 | Date Form 4 was signed and filed by the attorney-in-fact. |
| 2027-01-01 | One-year anniversary of the grant date, when the Restricted Stock Award cliff vests. |
Keywords
Dime Community Bancshares, DCOM, Paul M. Aguggia, Restricted Stock Award, Insider Transaction, Form 4, Director Compensation, Equity Grant, Beneficial Ownership
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