Form 4: Dime Community CFO Sells Shares for Tax Obligations
Insider Transaction Report
Dime Community Bancshares' CFO, Avinash Reddy, reported the sale of 2,173 common shares to cover tax liabilities from restricted stock vesting.
Summary
- Avinash Reddy, SEVP Chief Financial Officer of Dime Community Bancshares, Inc. (DCOM), reported a transaction involving the company's common stock.
- On February 26, 2026, a total of 2,173 shares of common stock were disposed of.
- These shares were withheld to satisfy tax obligations related to the vesting of restricted stock on the same date.
- The transaction price for the disposed shares was $33.34 per share.
- Following these transactions, Avinash Reddy beneficially owns 46,119 shares of common stock and 5,730 shares of Preferred Stock, Series A.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative action related to executive compensation rather than a strategic move or a reflection of company performance.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, such as tax-related withholdings, are common occurrences for executives receiving equity compensation. This specific transaction by Dime Community Bancshares' CFO is a routine event and does not typically signal broader industry trends or competitive shifts.
Related Party Transactions
- Avinash Reddy, an executive officer, engaged in a transaction involving company securities, which is considered a related party transaction. The transaction involved the withholding of shares to satisfy tax obligations on vested restricted stock.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale indicating a change in confidence.
- Employees: No direct impact on general employees.
- Management: The transaction is a standard part of executive compensation, reflecting the vesting of previously granted restricted stock.
Key Dates
| Date | Description |
|---|---|
| 2022-12-20 | Date Avinash Reddy executed the Limited Power of Attorney for Section 16 reporting obligations. |
| 2026-02-26 | Date of transaction where shares were withheld for tax obligations on vested restricted stock. |
| 2026-03-02 | Date the Form 4 was signed by Megan Hickey, as attorney-in-fact. |
Keywords
Dime Community Bancshares, DCOM, Avinash Reddy, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, CFO
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