Form 4: First of Long Island Corp Director, Eric Tveter, Reports Stock Award Vesting
SEC Filing
Director Eric Tveter reports the vesting of restricted stock units and subsequent disposal of shares to cover associated tax obligations.
Summary
- On April 15, 2025, Eric Tveter, a director of First of Long Island Corp (FLIC), had 3,953 restricted stock units vest.
- Following the vesting, 3,953 common stock shares were disposed of at $0 price.
- After the transaction, Tveter directly owns 27,815 shares of First of Long Island Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting standard compensation practices. It doesn't indicate positive or negative sentiment towards the company.
Industry Context
This is a routine disclosure related to insider transactions. It is common for company directors to receive stock-based compensation and subsequently sell shares to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: vesting of restricted stock units and disposal of shares. |
Keywords
Form 4, insider trading, FLIC, First of Long Island Corp, Eric Tveter, restricted stock units, vesting, director
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