Form 4: Dime Community Bancshares SEVP Avinash Reddy Reports Stock Transactions

Avinash Reddy, SEVP and CFO of Dime Community Bancshares, reports the withholding of shares for tax obligations and the vesting of restricted stock.

Summary

• Avinash Reddy, SEVP and CFO of Dime Community Bancshares, filed a Form 4 on April 02, 2025, reporting transactions related to common stock and preferred stock, Series A.
• On March 31, 2025, Reddy had shares withheld to satisfy tax obligations related to the vesting of restricted stock: 475 shares, 272 shares, and 624 shares, all at a price of $27.88.
• Also on March 31, 2025, Reddy acquired 6,065 shares of common stock at $0.00.
• Following these transactions, Reddy beneficially owns 48,292 shares of common stock and 5,730 shares of Preferred Stock, Series A.
• The filing indicates that Megan Hickey acted as attorney in fact for Avinash Reddy.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• Reddy acquired 6,065 shares of common stock, increasing his holdings.

Negatives

• Shares were withheld to cover tax obligations, reducing the number of shares directly held.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, insider trading, stock transaction, Dime Community Bancshares, Avinash Reddy, DCOM