Form 4: Flushing Financial Corp Executive Thomas Buonaiuto Sells 19,000 Shares
SEC Form 4 Filing
Thomas Buonaiuto, a Senior EVP at Flushing Financial Corp, sold 19,000 shares of common stock at a weighted average price of $13.21 on February 23, 2024.
Summary
- On February 23, 2024, Thomas Buonaiuto, a Senior EVP at Flushing Financial Corp, sold 19,000 shares of common stock.
- The shares were sold at a weighted average price of $13.21.
- Following the transaction, Buonaiuto directly owns 32,391 shares of Flushing Financial Corp.
- Buonaiuto also indirectly owns 222 shares through his spouse and 5,269 shares through a 401k plan as of February 26, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale as a lack of confidence in the company's future prospects, or simply as a personal financial decision.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates that a high ranking officer in the company has sold a portion of their shares.
Stakeholder Impact
- Shareholders may react to the news of the stock sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock sale transaction |
| 02/26/2024 | Date of 401k shareholding |
| 02/27/2024 | Date of Form 4 filing |
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