Form 4: Dime Community Bancshares Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Fegan, Chief Technology & Ops Officer of Dime Community Bancshares, Inc., disposed of shares to cover tax obligations related to vested restricted stock.
Summary
- On July 1, 2024, Michael Fegan, the Chief Technology & Ops Officer of Dime Community Bancshares, Inc., disposed of 187 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of 520 shares of restricted stock.
- The shares were sold at a price of $20.09 per share.
- Following the transaction, Fegan directly owns 22,155 shares of Dime Community Bancshares, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who are required to report transactions in their company's stock. It reflects standard practice for executives managing their equity compensation and related tax liabilities.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Date of execution of the Limited Power of Attorney for Section 16 reporting obligations. |
| July 1, 2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| July 1, 2024 | Date of vesting of 520 shares of restricted stock. |
| July 3, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.