Form 4: Dime Community Bancshares SVP Sells Shares for Tax Obligations
Insider Transaction Report (Form 4)
Elizabeth Felice DiGangi, SVP and Chief Accounting Officer of Dime Community Bancshares, Inc., reported the sale of 330 common shares to cover tax liabilities from restricted stock vesting.
Summary
- Elizabeth Felice DiGangi, the Senior Vice President and Chief Accounting Officer of Dime Community Bancshares, Inc. (DCOM), reported a transaction involving the company's common stock.
- On November 3, 2025, DiGangi disposed of 330 shares of common stock at a price of $26.25 per share.
- This disposition was a withholding of shares to satisfy tax obligations related to the vesting of 917 shares of restricted stock on November 1, 2025.
- Following this transaction, DiGangi beneficially owns 2,369 shares of Dime Community Bancshares, Inc. common stock.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- The Form 4 was signed by Megan Hickey as attorney-in-fact on November 18, 2025, under a Limited Power of Attorney, which grants authority for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, which is neither inherently positive nor negative for the company's operational or financial performance. It is a standard part of executive compensation and tax management.
Industry Context
This is a routine insider transaction, common for executives whose compensation includes restricted stock. The sale of shares to cover tax obligations upon vesting is a standard practice and does not typically indicate a change in the executive's outlook on the company or its performance.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.
- Employees: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the Limited Power of Attorney for Section 16 reporting obligations (as per the provided POA document for Judy Wu, which outlines the authority for attorneys-in-fact like Megan Hickey). |
| 11/01/2025 | Date 917 shares of restricted stock vested for Elizabeth Felice DiGangi. |
| 11/03/2025 | Transaction date for the disposition of 330 shares of common stock to satisfy tax obligations. |
| 11/18/2025 | Signature date of the Form 4 filing by Megan Hickey, as attorney-in-fact. |
Keywords
Dime Community Bancshares, DCOM, Form 4, insider transaction, stock sale, tax withholding, restricted stock, executive compensation, beneficial ownership
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