Form 4: Flushing Financial Corp Executive Maria Grasso Reports Stock Sale
SEC Form 4 Filing
Maria Grasso, SEVP/COO of Flushing Financial Corp, reports the sale of 25,143 shares of common stock at $12.54 per share.
Summary
- Maria Grasso, the SEVP/COO of Flushing Financial Corp, filed a Form 4 indicating changes in beneficial ownership.
- On February 27, 2024, Grasso sold 25,143 shares of common stock at a price of $12.54 per share through an interplan sale.
- Following the transaction, Grasso directly owns 87,738 shares of common stock and indirectly owns 26,169 shares through the Flushing Bank 401K Plan as of 2/28/2024.
- Grasso also indirectly owns 655 shares through a spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale could be for personal financial planning reasons and may not necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock sale transaction |
| 02/28/2024 | Date of 401K Plan shareholding |
| 02/29/2024 | Date of signature on the Form 4 filing |
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