Form 4: Dime Community Bancshares Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4
Conrad J. Gunther Jr., Chief Lending Officer of Dime Community Bancshares, disposed of shares to cover tax obligations arising from the vesting of restricted stock.
Summary
- On February 26, 2025, Conrad J. Gunther Jr., Chief Lending Officer of Dime Community Bancshares, disposed of 289 shares of common stock to satisfy tax obligations.
- The shares were disposed of at a price of $30.59 per share.
- Following the transaction, Gunther directly owns 69,430 shares of Dime Community Bancshares.
- The transaction was reported on February 28, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations; no indication of positive or negative outlook.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations. Such filings are common and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 11, 2023 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| February 26, 2025 | Date of the transaction where shares were disposed of to cover tax obligations. |
| February 26, 2025 | Restricted stock vested. |
| February 28, 2025 | Date of report filing. |
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