Form 4: Flushing Financial Corp Executive Sells Shares to Cover Taxes

Douglas J. McClintock, a Senior Executive Vice President at Flushing Financial Corp, sold 166 shares of common stock to cover taxes related to vesting.

Summary

• Douglas J. McClintock, a Senior Executive Vice President at Flushing Financial Corp, sold 166 shares of common stock on January 26, 2025.
• The sale was executed at a price of $14.53 per share.
• The shares were sold to satisfy tax obligations related to the vesting of stock.
• Following the transaction, McClintock directly owns 8,033 shares of common stock.
• He also indirectly owns 567 shares through a 401k.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction, not indicative of positive or negative sentiment. It's a standard executive stock sale for tax purposes.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across the financial industry.
• Many executives at comparable financial institutions regularly file Form 4s for similar transactions.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive.
• The sale does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Flushing Financial Corp, FFIC, insider trading, stock sale, executive compensation, Form 4, Douglas J. McClintock