Form 4: Director Walter C. Teagle III Executes Stock Option and Acquires Restricted Stock Units in First of Long Island Corp
SEC Form 4 Filing
Walter C. Teagle III, a director of First of Long Island Corp, exercised stock options and acquired restricted stock units on April 16, 2024.
Summary
- On April 16, 2024, Walter C. Teagle III, a director of First of Long Island Corp (FLIC), executed stock options resulting in the acquisition of 5,947 shares of common stock at a price of $0.
- Following this transaction, Teagle directly owns 140,420 shares of FLIC common stock.
- Additionally, Teagle acquired 7,479 restricted stock units (RSUs) which vest on April 15, 2025.
- The reporting person has direct ownership of 7,479 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings and incentives.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of transaction: exercise of stock options and acquisition of restricted stock units. |
| 04/15/2025 | Vesting date for the 7,479 restricted stock units. |
| 04/30/2024 | Date of report. |
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