Form 4: NYCB Executive Reginald E. Davis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Reginald E. Davis, Sr EVP & President of Banking at New York Community Bancorp, reports changes in beneficial ownership of NYCB stock due to tax obligations and vesting of stock awards.
Summary
- Reginald E. Davis, a Senior EVP & President of Banking at New York Community Bancorp (NYCB), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 24, 2024, 4,166 shares were surrendered to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Davis directly owns 99,537 shares of NYCB common stock.
- Davis also indirectly owns 165,397 shares granted under a stock award from December 1, 2022, which will vest in four equal annual installments starting December 1, 2024.
- Additionally, he indirectly owns 18,770 shares granted under a stock award from March 24, 2023, vesting in two equal annual installments starting March 24, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the changes reported are related to routine stock vesting and tax obligations. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and it doesn't necessarily reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| December 1, 2022 | Date of stock award grant for 165,397 shares. |
| March 24, 2023 | Date of stock award grant for 18,770 shares. |
| March 24, 2024 | Date of transaction where 4,166 shares were surrendered for tax obligations. |
| March 24, 2025 | First vesting date for the 18,770 shares granted on March 24, 2023. |
| December 1, 2024 | First vesting date for the 165,397 shares granted on December 1, 2022. |
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