FLG.NYSEFlagstar Financial, INC

Form 4: NYCB Executive Patrick Quinn Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Patrick Quinn, SEVP, GC & Corp. Secretary of New York Community Bancorp, Inc. (NYCB), reported the surrender of shares to cover tax obligations and provided details on stock awards.

Summary

  • On February 26, 2024, Patrick Quinn, SEVP, GC & Corp. Secretary of New York Community Bancorp, Inc. (NYCB), reported a transaction involving common stock.
  • 1,928 shares were surrendered to the issuer to cover tax obligations on shares for which restrictions have lapsed.
  • Following the transaction, Quinn directly owns 59,821 shares of common stock.
  • Quinn also indirectly owns shares through a 401(k) (36,840 shares) and various stock awards.
  • The stock awards vest at different dates in the future.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into the executive's holdings and compensation structure. It is standard practice for company insiders to report changes in their beneficial ownership of company stock.

Key Dates

DateDescription
January 14, 2020Date of Stock Award IV grant.
January 14, 2021Date of Stock Award V grant.
April 13, 2022Date of Stock Award VII grant.
March 24, 2023Date of Stock Award (032423) grant.
February 26, 2024Date of stock transaction (surrender of shares for tax obligations).
February 28, 2024Date of signature on the Form 4.
March 24, 2024Commencement of vesting for Stock Award (032423).
April 13, 2024Commencement of vesting for Stock Award VII.
January 14, 2025Vesting date for Stock Award IV and commencement of vesting for Stock Award V.

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