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

Director Mark P. Boulanger of First Seacoast Bancorp, Inc. (FSEA) recently acquired 1,000 shares of common stock at $9.35 per share.

Summary

• On August 19, 2024, Mark P. Boulanger, a director of First Seacoast Bancorp, Inc. (FSEA), purchased 1,000 shares of common stock at a price of $9.35 per share.
• Following this transaction, Boulanger directly owns 3,559 shares and indirectly owns 4,000 shares through a trust and 3,301 shares through an IRA.
• Boulanger also holds options to purchase 9,343 shares of common stock at an exercise price of $8.06, which vest at a rate of 33 1/3% per year starting May 25, 2024.
• The director's holdings include restricted stock that vests at a rate of 33 1/3% per year commencing on November 18, 2022.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally viewed more favorably than sales.

Comparison to Industry Standards

• Comparing insider trading activity at First Seacoast Bancorp to similar regional banks would provide a better understanding of whether this purchase is typical or indicative of a specific trend.
• Analyzing the vesting schedules of restricted stock and stock options against industry norms can reveal how First Seacoast Bancorp incentivizes its executives compared to its peers.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates