Form 4: Flushing Financial Corp Executive Vice President Theresa Kelly Reports Stock Transaction

Executive Vice President Theresa Kelly of Flushing Financial Corp reported the acquisition of 14,068 shares of common stock at $17.73 per share on November 13, 2024.

Summary

• Theresa Kelly, an Executive Vice President at Flushing Financial Corp, reported a transaction involving the company's common stock.
• On November 13, 2024, Ms. Kelly acquired 14,068 shares of common stock at a price of $17.73 per share.
• Following this transaction, Ms. Kelly directly owns 35,275 shares of common stock.
• She also indirectly owns 30,494 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider transaction, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a routine disclosure of insider trading activity, which is common in the financial industry and is required by the SEC to ensure transparency.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, such as Flushing Financial Corp, and are comparable to similar filings from executives at other financial institutions.
• The transaction is a relatively small purchase of shares by an executive, which is not unusual and is similar to other insider transactions seen in the industry.
• The price of $17.73 per share is within the expected range for the company's stock price at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine insider purchase.

Key Dates

Keywords

Flushing Financial Corp, FFIC, Theresa Kelly, stock transaction, insider trading, executive, common stock, Form 4