Form 4: First Seacoast Bancorp Director Boulanger Increases Stake with Recent Stock Purchase

Director Mark P. Boulanger of First Seacoast Bancorp, Inc. acquired 1,000 shares of common stock at $9.1931 per share on November 13, 2024, increasing his holdings.

Summary

• Mark P. Boulanger, a director at First Seacoast Bancorp, Inc., purchased 1,000 shares of common stock on November 13, 2024, at a price of $9.1931 per share.
• Following this transaction, Boulanger's total holdings include 3,559 shares held directly, 4,301 shares held indirectly through an IRA, and 4,000 shares held indirectly through a trust.
• Boulanger also holds stock options for 9,343 shares, which vest at a rate of 33 1/3% per year starting May 25, 2024.
• Additionally, he has restricted stock that vests at a rate of 33 1/3% per year commencing on November 18, 2022.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the director's purchase indicates confidence in the company, but it's a routine transaction and not a major event.

Positives

• The director's purchase of 1,000 shares indicates confidence in the company's future prospects.
• The director's increased stake aligns his interests with those of other shareholders.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The reported transaction is typical for directors who are often granted stock options and restricted stock as part of their compensation packages.
• The vesting schedules for the restricted stock and stock options are also common practices in the industry.

Stakeholder Impact

• The director's purchase may positively influence investor confidence.
• The increased stake aligns the director's interests with those of shareholders.

Key Dates

Keywords

First Seacoast Bancorp, FSEA, insider trading, stock purchase, director, Mark Boulanger, share ownership, stock options, restricted stock