Form 4: Director Edward J. Haye Acquires Shares in First of Long Island Corp Through Stock Compensation

Director Edward J. Haye acquired 102 shares of First of Long Island Corp common stock as compensation for director fees.

Summary

• Edward J. Haye, a director at First of Long Island Corp, acquired 102 shares of common stock on November 15, 2024.
• The shares were received as compensation in lieu of director fees.
• Following the transaction, Mr. Haye's total holdings of common stock increased to 14,555 shares.

Sentiment

Score: 7

Explanation: The transaction is a routine part of director compensation and indicates confidence in the company, but it is not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine transaction for a director receiving stock compensation, and is common practice in the industry.

Comparison to Industry Standards

• Stock compensation for directors is a common practice across the financial industry.
• The amount of stock received is typical for director compensation at similar sized financial institutions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence.

Key Dates

Keywords

insider trading, director, stock compensation, share acquisition, common stock, First of Long Island Corp, FLIC