Form 4: Flushing Financial Corp Executive Sells Shares
SEC Form 4 Filing
Francis W. Korzekwinski, SEVP of Flushing Financial Corp, sold 3,700 shares of common stock at $13.24 on May 17, 2024.
Summary
- On May 17, 2024, Francis W. Korzekwinski, a Senior Executive Vice President at Flushing Financial Corp (FFIC), sold 3,700 shares of the company's common stock.
- The sale price was $13.24 per share.
- Following the transaction, Korzekwinski directly owns 68,642 shares and indirectly owns 98,115 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but the sale of shares could be interpreted neutrally or slightly negatively depending on the context.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors as they can provide insights into an executive's perspective on the company's valuation and future prospects. However, they can also be related to personal financial planning.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder confidence, depending on the size of the sale and the executive's profile.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Francis W. Korzekwinski sold 3,700 shares of FFIC. |
| 05/20/2024 | Shares held in Flushing Bank 401k a/o. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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