Form 4: Flushing Financial Corp Executive Sells Shares
SEC Form 4
Francis W. Korzekwinski, a Senior EVP at Flushing Financial Corp, sold shares of the company's common stock on February 28 and 29, 2024.
Summary
- Francis W. Korzekwinski, a Senior EVP at Flushing Financial Corp (FFIC), reported the sale of company stock.
- On February 28, 2024, he sold 7,649 shares at a weighted average price of $12.61.
- On February 29, 2024, he sold 4,851 shares at a weighted average price of $13.04.
- Following these transactions, Korzekwinski directly owns 68,642 shares of Flushing Financial Corp.
- He also indirectly owns 103,517 shares through the Flushing Bank 401K Plan as of February 29, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could influence sentiment.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. The market may interpret these sales in various ways, depending on the size and frequency of the transactions, as well as the overall performance and outlook of the company.
Stakeholder Impact
- Shareholders may react to the stock sales, potentially influencing the stock price.
- The sales themselves have a limited impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Sale of 7,649 shares of common stock at $12.61 weighted average price. |
| 02/29/2024 | Sale of 4,851 shares of common stock at $13.04 weighted average price; shares held in Flushing Bank 401K Plan reported. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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