Form 4: Director John J. Desmond Reports Acquisition of Common Stock and Restricted Stock Units in First of Long Island Corp
SEC Form 4 Filing
Director John J. Desmond reports the acquisition of common stock and restricted stock units in First of Long Island Corp on April 16, 2024.
Summary
- On April 16, 2024, John J. Desmond, a director of First of Long Island Corp (FLIC), reported transactions involving the company's securities.
- Desmond acquired 3,144 shares of common stock at $0.
- Following the transaction, Desmond directly owns 21,879 shares of common stock.
- Desmond also acquired 3,953 restricted stock units (RSUs) with an exercise price of $0, exercisable and expiring on April 15, 2025.
- Desmond also disposed of 3,144 Restricted Stock Units at a price of $10.16.
- Following the transaction, Desmond directly owns 3,953 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing of insider transactions.
Positives
- The acquisition of shares by a director could be interpreted positively by investors.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry.
Stakeholder Impact
- The transactions may influence investor perception of the company.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of transaction: Acquisition of common stock and restricted stock units, and disposal of restricted stock units. |
| 04/15/2025 | Exercisable and Expiration date of restricted stock units. |
| 04/30/2024 | Date of signature on the report. |
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