Form 4: First of Long Island Corp: SEVP Christopher Hilton Reports Stock Transactions

Christopher Hilton, SEVP of First of Long Island Corp, reports acquisition and disposal of common stock and restricted stock units on January 31, 2025.

Summary

• Christopher J. Hilton, SEVP of First of Long Island Corp, filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Hilton acquired 593 shares of common stock.
• Hilton also acquired 2,054 shares of common stock on the same day.
• 2,699 shares were acquired through the vesting of restricted stock units.
• 2,753 shares of common stock were disposed of at a price of $12.88.
• Following these transactions, Hilton directly owns 4,863 shares of common stock.
• Hilton also indirectly owns 31,305 shares through an IRA.
• The restricted stock units vested on January 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing showing stock transactions. The acquisition of shares through vesting is mildly positive, while the disposal is mildly negative, balancing out overall.

Positives

• The vesting of restricted stock units and acquisition of additional shares indicates continued alignment with the company's success.

Negatives

• The disposal of 2,753 shares could be interpreted negatively, although the reason for disposal is not specified.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by influencing the supply and demand of the stock.

Key Dates