Form 4: Dime Community Bancshares Insider Sells Shares
Insider Transaction Report
Michael Fegan, Chief Technology & Ops Officer at Dime Community Bancshares, Inc., reported transactions involving the sale of company stock to cover tax obligations.
Summary
- Michael Fegan, Chief Technology & Ops Officer of Dime Community Bancshares, Inc., engaged in several transactions on March 31, 2026.
- These transactions involved the disposal of a total of 3,454 shares of common stock, which were withheld to satisfy tax obligations related to the vesting of restricted stock.
- Specifically, 1,220 shares were withheld for tax purposes from vested restricted stock, 910 shares were withheld for tax purposes from vested restricted stock, and 1,195 shares were withheld for tax purposes from vested restricted stock.
- Following these transactions, Mr. Fegan beneficially owns 22,412 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the transactions represent standard tax withholding upon restricted stock vesting rather than a strategic decision to buy or sell shares based on market outlook.
Negatives
- Insider selling occurred, with shares being withheld to cover tax obligations, indicating a reduction in direct holdings by a key executive.
Future Outlook
No specific forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock activity. This particular filing details routine tax withholding upon restricted stock vesting, a common occurrence for executives.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Michael Fegan granted a Limited Power of Attorney to Megan Hickey, Marc Levy, Jeffrey Cass, and Edward A. Quint to execute Section 16 reporting obligations on his behalf. | 06/01/2023 | Facilitates compliance with SEC reporting requirements by allowing designated individuals to file necessary forms. |
Stakeholder Impact
- Shareholders: The filing provides transparency into insider stock activity, but the transactions are routine tax withholdings and do not indicate a change in management's long-term view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Effective date of the Limited Power of Attorney for Section 16 Reporting Obligations granted by Michael Fegan. |
| 03/31/2026 | Date of the earliest transaction reported in Form 4, related to stock vesting and tax withholding. |
| 04/02/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Form 4, SEC Filing, Insider Transaction, Dime Community Bancshares, DCOM, Stock Vesting, Tax Withholding, Michael Fegan, Chief Technology Officer
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