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

Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 383 shares of common stock on September 20, 2024, in lieu of director fees, increasing his total holdings to 13,711 shares.

Summary

• On September 20, 2024, Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 383 shares of common stock.
• The acquisition was made in lieu of director fees.
• Following the transaction, Haye's total direct holdings in FLIC common stock increased to 13,711 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director receiving shares in lieu of fees. It's a common practice and doesn't necessarily indicate a significant positive or negative outlook for the company.

Positives

• The director's increased stake could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Director share acquisitions are a common occurrence and are often viewed as a positive signal, indicating the director's belief in the company's future performance. This is a routine transaction and doesn't necessarily indicate a major shift in the company's strategy or outlook.

Related Party Transactions

• The acquisition of shares in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders.

Key Dates