Form 4: Dime Community Bancshares Executive Christopher Porzelt Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Christopher J. Porzelt, Chief Risk Officer of Dime Community Bancshares, reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On February 26, 2025, Christopher J. Porzelt, Chief Risk Officer of Dime Community Bancshares, had 250 shares of common stock withheld to cover tax obligations.
- This transaction occurred at a price of $30.59 per share.
- Following the transaction, Porzelt directly owns 12,743 shares of Dime Community Bancshares.
- The shares were withheld to satisfy tax obligations on 605 shares of restricted stock that vested on February 26, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
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 minor 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 for Section 16 Reporting Obligations. |
| 2025-02-26 | Date of transaction: withholding of shares for tax obligations and vesting of restricted stock. |
| 2025-02-28 | Date of signature on the Form 4 filing. |
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