Form 4: First Seacoast Bancorp Director Bolduc Acquires Shares and Options

Director Michael J. Bolduc of First Seacoast Bancorp, Inc. reported acquiring shares and stock options, as well as holding existing shares through various means.

Summary

• Michael J. Bolduc, a director at First Seacoast Bancorp, Inc., has reported several transactions involving the company's stock.
• On December 2, 2024, Bolduc acquired 4,200 shares of common stock at no cost, which are restricted and will vest over three years starting December 2, 2025.
• He also acquired 10,250 stock options with an exercise price of $9.29, which also vest over three years starting December 2, 2025.
• Bolduc already holds 8,260 shares directly, 5,307 shares indirectly through a trust, 2,758 shares indirectly through an IRA, and 4,471 shares indirectly through a spouse's IRA.
• Additionally, he holds 9,343 stock options with an exercise price of $8.06, which vest over three years starting May 25, 2024.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of insider transactions, which is neither particularly positive nor negative. The acquisition of shares and options could be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of shares and options by a director could be seen as a positive sign of confidence in the company's future.
• The vesting schedules for the shares and options align the director's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the financial industry. It provides transparency into the holdings and activities of company directors.

Comparison to Industry Standards

• The vesting schedules for the stock options and restricted stock are typical for executive compensation packages in the financial industry.
• The reporting of beneficial ownership through trusts and IRAs is a standard practice for corporate insiders.
• The exercise prices of the stock options are likely based on the company's stock price at the time of grant, which is a common practice.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment, as it indicates a director's confidence in the company.
• The vesting schedules for the shares and options align the director's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

First Seacoast Bancorp, Director, Stock Options, Share Acquisition, Beneficial Ownership, Restricted Stock, Vesting