Form 4: Director Edward J. Haye Acquires 742 Shares of First of Long Island Corp (FLIC) in Lieu of Fees
SEC Form 4
Edward J. Haye, a director of First of Long Island Corp, acquired 742 shares of common stock on October 18, 2024, in lieu of director fees, increasing his total holdings to 14,453 shares.
Summary
- On October 18, 2024, Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 742 shares of common stock.
- The acquisition was made in lieu of director fees.
- Following the transaction, Haye's total beneficial ownership of FLIC common stock increased to 14,453 shares.
- The shares were acquired directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction.
Positives
- Director Edward J. Haye increased his stake in the company, which could be seen as a positive signal.
Industry Context
This is a routine disclosure related to insider transactions. Directors often receive stock as part of their compensation.
Related Party Transactions
- The acquisition of shares in lieu of director fees constitutes a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/18/2024 | Date of transaction: Edward J. Haye acquired 742 shares of FLIC common stock in lieu of director fees. |
| 10/24/2024 | Date of Form 4 filing. |
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