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 1,100 shares of common stock at a price of $9.1091 per share, increasing his holdings.

Summary

• On May 14, 2024, Mark P. Boulanger, a director of First Seacoast Bancorp, Inc. (FSEA), purchased 1,100 shares of common stock at $9.1091 per share.
• Following this transaction, Boulanger directly owns 6,561 shares of common stock and indirectly owns 3,000 shares through a trust.
• Boulanger also holds options for 9,343 shares of common stock, which vest at a rate of 33 1/3% per year starting May 25, 2024.
• The filing also indicates that Boulanger holds 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 single transaction and doesn't provide a comprehensive view of the company's financial health.

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 as they can provide insights into a company's prospects, although they are not always indicative of future performance.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates