Form 4: NYCB Executive Smith Matthew Reports Stock Transactions

SEVP & President of Mortgage at New York Community Bancorp, Lee Matthew Smith, reports disposition of shares to cover tax obligations and details of stock awards.

Summary

• Lee Matthew Smith, SEVP & President of Mortgage at New York Community Bancorp (NYCB), filed a Form 4 detailing changes in beneficial ownership.
• On March 22, 2024, Smith disposed of 2,237 shares of common stock to cover tax obligations at a price of $0.
• On March 24, 2024, Smith disposed of 6,392 shares of common stock to cover tax obligations at a price of $0.
• Following these transactions, Smith directly owns 1,442,246 shares of NYCB common stock.
• Smith also indirectly owns 293,798 shares through a stock award granted on December 1, 2022, which will vest in four approximately equal annual installments commencing on December 1, 2024.
• Additionally, Smith indirectly owns 29,329 shares through a stock award granted on March 24, 2023, which will vest in two equal annual installments commencing on March 24, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates