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

Susan Cullen, Senior EVP/CFO of Flushing Financial Corp, sold 419 shares of common stock to cover taxes upon vesting.

Summary

• Susan Cullen, the Senior EVP/CFO of Flushing Financial Corp, sold 419 shares of common stock on January 27, 2025.
• The sale was executed at a price of $14.53 per share.
• This transaction was to cover taxes associated with the vesting of shares.
• Following the transaction, Ms. Cullen directly owns 74,924 shares of common stock.
• She also indirectly owns 16,471 shares through the Flushing Bank 401(k) Savings Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. It is a standard regulatory filing.

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 not unusual for a company of this size and market capitalization.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Flushing Financial Corp, FFIC, insider trading, executive stock sale, Susan Cullen, Form 4, stock transaction, share sale, tax withholding