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 the acquisition of 1,000 shares and disposal of 361 shares of common stock.
Summary
- Susanne Pheffer, EVP and Chief Information Officer of First of Long Island Corp, reported transactions involving the company's stock.
- On November 30, 2024, Ms. Pheffer acquired 1,000 shares of common stock through the vesting of restricted stock units.
- Also on November 30, 2024, Ms. Pheffer disposed of 361 shares of common stock at a price of $14.47 per share.
- Following these transactions, Ms. Pheffer beneficially owns 8,475 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are routine and expected. There is no indication of significant positive or negative implications.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests with the company's performance.
Negatives
- The sale of 361 shares by Ms. Pheffer could be interpreted as a slight reduction in her stake in the company.
Risks
- Executive stock transactions can sometimes be interpreted as a signal of management's view on the company's future prospects, although this transaction appears to be routine.
Industry Context
This is a routine filing related to executive stock transactions and is common in the financial services industry.
Comparison to Industry Standards
- Executive stock transactions are a common practice across the financial industry.
- Similar filings are regularly made by executives at comparable financial institutions such as New York Community Bancorp (NYCB) and Signature Bank (SBNY).
- The vesting schedule of the restricted stock units is also a standard practice for executive compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a significant change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 11/30/2021 | Start date for the vesting of restricted stock units in five equal annual installments. |
| 11/30/2024 | Date of the reported stock acquisition and disposal transactions. |
| 12/02/2024 | Date of the signature on the SEC Form 4 filing. |
Keywords
stock transactions, insider trading, executive compensation, restricted stock units, common stock, First of Long Island Corp, FLIC, Susanne Pheffer
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