Form 4: First of Long Island Corp Director Edward J. Haye Acquires 806 Shares

First of Long Island Corp Director Edward J. Haye reported the acquisition of 806 shares of common stock on May 23, 2025, bringing his total beneficial ownership to 22,454 shares.

Summary

• Edward J. Haye, a Director of First of Long Island Corp (FLIC), acquired 806 shares of common stock.
• The transaction occurred on May 23, 2025.
• The acquisition price was $0 per share, indicating a likely stock grant or award as part of compensation.
• Following this transaction, Mr. Haye beneficially owns a total of 22,454 shares of FLIC common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially at a $0 price (suggesting a grant), is generally a neutral to positive signal as it aligns insider interests with shareholders. It doesn't indicate a direct 'buy' decision but rather compensation or retention.

Positives

• An insider (Director Edward J. Haye) increased his beneficial ownership in the company by acquiring 806 shares, which can signal confidence in the company's future.
• The acquisition at a $0 price suggests a stock grant, which is a common form of compensation for directors, aligning their interests with those of shareholders.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This specific Form 4 filing, reporting an insider stock acquisition, is a routine regulatory disclosure and does not provide broader industry context. However, insider acquisitions can sometimes be viewed as a positive signal of management's confidence in the company's future within the financial services sector.

Comparison to Industry Standards

• Form 4 filings are standard regulatory disclosures for insider transactions across all industries, including banking.
• The acquisition of shares by a director at a $0 price is a common practice for executive and director compensation, aligning their interests with shareholders, consistent with practices in comparable financial institutions.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director can be seen as a positive signal of confidence in the company's future performance, potentially aligning management's interests with those of shareholders.
• Employees, Customers, Suppliers, Creditors: This specific filing has no direct or immediate impact on these stakeholders.

Next Steps

• This Form 4 filing reports a completed transaction and does not outline future actions, events, or milestones for the company.

Key Dates

Keywords

FLIC, First of Long Island Corp, Edward J. Haye, Director, Insider Transaction, Form 4, Stock Acquisition, Beneficial Ownership, Common Stock, Banking, Financial Services