Form 4: Dime Community Bancshares Officer Conrad Gunther Jr. Reports Tax Withholding
SEC Form 4 Filing
Conrad Gunther Jr., Chief Lending Officer of Dime Community Bancshares, reports the withholding of shares to cover tax obligations related to vested restricted stock.
Summary
- On July 1, 2024, Conrad Gunther Jr., Chief Lending Officer of Dime Community Bancshares, had 219 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of 610 shares of restricted stock.
- Following the transaction, Gunther directly owns 71,518 shares of Dime Community Bancshares.
- The transaction was reported on a Form 4 filed with the SEC on July 3, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| May 11 2023 | Date of Power of Attorney execution. |
| July 1, 2024 | Date of stock withholding for tax obligations. |
| July 1, 2024 | Date of restricted stock vesting. |
| July 3, 2024 | Date of Form 4 filing. |
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