Form 4: Alessandro DiNello Reports Changes in Beneficial Ownership of New York Community Bancorp, Inc. Shares

Alessandro DiNello, Executive Chairman of New York Community Bancorp, Inc., reports changes in beneficial ownership of company stock, including acquisitions and holdings through various trusts.

Summary

• On April 1, 2024, Alessandro DiNello reported changes in his beneficial ownership of New York Community Bancorp, Inc. (NYCB) shares.
• The report details the acquisition of 149,273 shares of common stock at $0, alongside holdings through direct and indirect ownership.
• DiNello directly owns 1,970,337 shares, including restricted stock units that vest over time.
• He also has indirect ownership through various trusts, including Spousal Lifetime Access Trusts (SLATs), charitable remainder unitrusts, and trusts for the benefit of his grandchildren.
• DiNello disclaims beneficial ownership of securities held by certain trusts, except to the extent of his and his wife's pecuniary interest.
• The report includes 1,690,000 restricted stock units (RSUs) granted under the New York Community Bancorp, Inc. 2020 Omnibus Incentive Plan, vesting on March 6, 2025.
• The RSUs will settle for the lesser of 1,690,000 shares or shares with an aggregate value of $5,840,000 on the settlement date.

Sentiment

Score: 5

Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in ownership.

Future Outlook

The report details the vesting of restricted stock units in March 2025, which will increase DiNello's holdings if the share value supports it.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in the ownership stake of a key executive.
• The filing provides transparency regarding the executive's compensation and alignment with shareholder interests.

Key Dates