Form 4: Director Denise Strain Reports Stock Transactions for First of Long Island Corp
SEC Form 4
Director Denise Strain reports the acquisition and disposal of common stock and restricted stock units in First of Long Island Corp.
Summary
- On April 16, 2024, Denise Strain, a director of First of Long Island Corp (FLIC), reported transactions involving the company's stock.
- Strain disposed of 3,144 shares of common stock.
- Strain also acquired 3,953 restricted stock units, exercisable from April 15, 2025, expiring on April 15, 2025.
- Following these transactions, Strain directly owns 27,151 shares of common stock and 3,953 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director. The acquisition of RSUs could be seen as slightly positive, but overall, it's a routine filing.
Positives
- The acquisition of restricted stock units by a director could be seen as a positive sign, aligning the director's interests with the long-term performance of the company.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about the transactions of a company director, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of stock disposal and RSU acquisition. |
| 04/15/2025 | Date the acquired restricted stock units become exercisable and expire. |
| 04/30/2024 | Date of report filing. |
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