Form 4: New York Community Bancorp Executive Granted 3 Million Stock Options
SEC Filing
Scott P. Shepherd, a Senior EVP at New York Community Bancorp, received 3,000,000 employee stock options on April 25, 2024, according to a recent SEC filing.
Summary
- Scott P. Shepherd, a Senior EVP at New York Community Bancorp, filed a Form 4 with the SEC on April 29, 2024.
- The filing reports a transaction that occurred on April 25, 2024, where Shepherd was granted 3,000,000 employee stock options.
- These options have an exercise price of $3.07 and expire on April 25, 2031.
- The options vest in three equal annual installments starting on April 25, 2025, and continuing on April 25, 2026, and April 25, 2027.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard executive compensation disclosure. The grant of options can be seen as a positive incentive, but it's a routine event.
Positives
- The granting of stock options to a senior executive aligns their interests with those of the shareholders, incentivizing them to improve the company's performance.
Industry Context
Stock option grants are a common form of executive compensation in the financial services industry, used to incentivize performance and align management's interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of the transaction: Scott P. Shepherd was granted 3,000,000 employee stock options. |
| 04/25/2025 | First vesting date for the stock options. |
| 04/25/2026 | Second vesting date for the stock options. |
| 04/25/2027 | Third vesting date for the stock options. |
| 04/25/2031 | Expiration date of the stock options. |
| 04/29/2024 | Date the Form 4 was filed with the SEC. |
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