Form 4: Director Edward J. Haye Acquires Shares of First of Long Island Corp (FLIC) in Lieu of Fees
SEC Form 4 Filing
Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 430 shares of common stock on July 19, 2024, in lieu of director fees.
Summary
- On July 19, 2024, Edward J. Haye, a director of First of Long Island Corp (FLIC), acquired 430 shares of common stock.
- The acquisition was made in lieu of director fees.
- Following the transaction, Haye directly owns 12,903 shares of FLIC common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction (shares in lieu of fees) and doesn't indicate any major positive or negative development for the company.
Positives
- The acquisition of shares by a director, even in lieu of fees, can be seen as a positive sign of alignment with shareholder interests.
Industry Context
Director share acquisitions are a common occurrence in the financial industry, often reflecting compensation structures and alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard compensation practice.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of transaction: Edward J. Haye acquired 430 shares of FLIC common stock in lieu of director fees. |
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