Form 4: Director Edward J. Haye Acquires 490 Shares of First of Long Island Corp (FLIC) in Lieu of Fees

Edward J. Haye, a director of First of Long Island Corp, acquired 490 shares of common stock on March 15, 2024, in lieu of director fees.

Summary

• On March 15, 2024, Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 490 shares of common stock.
• The acquisition was made in lieu of director fees.
• Following the transaction, Haye directly owns 7,750 shares of FLIC common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• Director Edward J. Haye increased his holdings in the company, which could be interpreted as a sign of confidence in the company's future.

Industry Context

Directors receiving stock in lieu of fees is a fairly common practice, particularly in smaller companies, as it helps conserve cash and aligns the interests of the directors with those of the shareholders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares being issued to a director in lieu of fees.

Key Dates