Form 4: Flushing Financial Corp Executive Maria A. Grasso Reports Stock Transaction
SEC Form 4 Filing
Maria A. Grasso, Sr. EVP/COO of Flushing Financial Corp, reports the disposition of 448 shares to cover tax obligations and holdings of shares in a 401(k).
Summary
- On January 27, 2025, Maria A. Grasso, Sr. EVP/COO of Flushing Financial Corp, reported a transaction involving the company's common stock.
- 448 shares were disposed of to satisfy tax obligations upon vesting at a price of $14.53 per share.
- Following the transaction, Grasso directly owns 83,070 shares of common stock.
- Grasso also indirectly owns 655 shares through her spouse and 13,087 shares through the Flushing Bank 401(k) Savings Plan as of January 27, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposal.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of stock transaction |
| 01/27/2025 | Shares held in Flushing Bank 401(k) Savings Plan |
| 01/29/2025 | Date of signature |
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