Form 4: FFIC Executive Sells Shares from 401k Plan

Theresa Kelly, an EVP at Flushing Financial Corp (FFIC), reported a transaction involving the sale of 37,525 shares from her 401k plan.

Summary

• Theresa Kelly, an Executive Vice President (EVP) of Flushing Financial Corp (FFIC), has reported a transaction involving her beneficial ownership of company stock.
• On May 21, 2026, 37,525 shares of common stock were disposed of from her 401k plan.
• The transaction was executed at a price of $15.85 per share.
• Following this transaction, Kelly beneficially owns 401,447 shares of common stock, with 49,447 held directly and the remainder indirectly.
• The sale was conducted as an interplan transfer of shares held within the Flushing Bank 401K plan.
• The filing was signed by Russell A. Fleishman under Power of Attorney for Theresa Kelly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the sale of shares from a 401k plan is a common and often pre-planned event for executives, not necessarily indicative of a negative outlook on the company.

Negatives

• An executive disposed of a significant number of shares (37,525) from their 401k plan.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. While this filing details a sale, it originates from a 401k plan, which may represent a planned divestment rather than a negative signal about the company's prospects.

Stakeholder Impact

• Shareholders: The sale of shares by an executive could be perceived negatively, though the context of a 401k plan sale mitigates this concern.

Key Dates

Keywords

FFIC, Flushing Financial Corp, Form 4, Insider Transaction, Stock Sale, 401k Plan, Executive Sale, Beneficial Ownership