Form 4: Director John Abbott Root Cooper Reports Transactions in First of Long Island Corp (FLIC)

Director John Abbott Root Cooper filed a Form 4 detailing transactions involving First of Long Island Corp (FLIC) common stock and restricted stock units.

Summary

• On April 16, 2024, John Abbott Root Cooper, a director of First of Long Island Corp (FLIC), reported transactions involving the company's securities.
• Cooper indirectly owns 216,647 shares of common stock through Driver Opportunity Partners I LP.
• Cooper acquired 3,144 shares of common stock at $0 and disposed of 3,144 restricted stock units on April 16, 2024.
• Following these transactions, Cooper directly owns 3,453 shares of common stock.
• Cooper also acquired 3,953 restricted stock units, exercisable on April 15, 2025, with an expiration date of April 15, 2025.
• After the reported transactions, Cooper directly owns 3,953 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units could be seen as a positive sign, aligning the director's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates