Form 4: First of Long Island Corp Executive Susanne Pheffer Reports Stock Transactions
SEC Form 4
Executive Vice President and Chief Information Officer of First of Long Island Corp, Susanne Pheffer, reports multiple transactions involving common stock and restricted stock units on December 19, 2024.
Summary
- Susanne Pheffer, EVP and Chief Information Officer of First of Long Island Corp, reported several transactions on December 19, 2024.
- These transactions included the vesting of restricted stock units and the subsequent acquisition of common stock.
- A total of 11,395 restricted stock units vested, converting into an equal number of common stock shares.
- Additionally, 5,929 shares were disposed of at a price of $12.48 per share to cover tax obligations.
- After these transactions, Ms. Pheffer beneficially owns 18,991 shares of common stock.
Sentiment
Score: 5
Explanation: The document reports routine stock transactions by an executive, which is neither positive nor negative for the company's outlook. It is a neutral event.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. These transactions are often related to executive compensation and do not necessarily indicate a change in the company's outlook.
Comparison to Industry Standards
- Executive stock transactions are a standard practice across publicly traded companies, including those in the financial sector.
- The vesting of restricted stock units and subsequent sale of shares to cover taxes is a common form of executive compensation.
- Comparable companies in the financial sector also regularly report similar transactions by their executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
- The sale of shares to cover taxes does not significantly affect the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of the reported stock transactions and vesting of restricted stock units. |
| 12/23/2024 | Date the form was signed by Maria Doyle under Power of Attorney for Susanne Pheffer. |
Keywords
stock transactions, restricted stock units, insider trading, executive compensation, common stock, First of Long Island Corp, FLIC
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