Form 4: NYCB Executive Adams Reports Share Transactions
SEC Form 4
John Thomas Adams, SEVP at New York Community Bancorp, reports disposition of shares to cover tax obligations and details of remaining stock awards.
Summary
- On March 24, 2024, John Thomas Adams, SEVP at New York Community Bancorp (NYCB), reported a transaction involving common stock.
- Adams disposed of 3,994 shares to cover tax obligations related to lapsed restrictions on shares.
- Following the transaction, Adams directly owns 111,494 shares.
- Adams also indirectly owns 40,129 shares through a 401(k), 5,000 shares through Stock Award VI, 9,910 shares through Stock Award VIII, and 15,642 shares through Stock Award (032423).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions described are typical for executive compensation and tax obligations. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through stock awards and the fulfillment of tax obligations related to those awards.
Key Dates
| Date | Description |
|---|---|
| 2020-01-14 | Grant date of Stock Award VI |
| 2022-04-13 | Grant date of Stock Award VIII |
| 2023-03-24 | Grant date of Stock Award (032423) |
| 2024-03-24 | Date of transaction (disposal of shares for tax obligations) |
| 2024-03-25 | Date of signature |
| 2024-04-13 | Commencement of vesting for Stock Award VIII |
| 2025-01-14 | Vesting date for Stock Award VI |
| 2025-03-24 | Commencement of vesting for Stock Award (032423) |
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