Form 4: Dime Community Bancshares Officer Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


Michael Fegan, Chief Technology & Ops Officer of Dime Community Bancshares, reports acquisition and disposal of common stock due to vesting of restricted stock and tax obligations.

Summary

  • On March 31, 2025, Michael Fegan, Chief Technology & Ops Officer of Dime Community Bancshares, engaged in transactions involving the company's common stock.
  • Fegan acquired 3,661 shares of common stock at $0.00, representing the vesting of restricted stock.
  • He also disposed of shares to cover tax obligations related to the vesting of restricted stock: 182 shares, 327 shares, and 430 shares, all at a price of $27.88.
  • Following these transactions, Fegan beneficially owns 21,456 shares of Dime Community Bancshares common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

  • The vesting of restricted stock indicates a form of compensation and alignment of interests between the officer and the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

  • Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates

DateDescription
June 1, 2023Date of the Limited Power of Attorney for Section 16 Reporting Obligations.
March 31, 2025Date of stock transactions: acquisition of 3,661 shares and disposal of 182, 327, and 430 shares.
April 02, 2025Date of signature for the Form 4 filing.

Keywords

Form 4, DCOM, Dime Community Bancshares, Michael Fegan, Stock Transactions, Beneficial Ownership, Officer, Restricted Stock, Tax Obligations

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