Form 4: Flushing Financial Corp SEVP/CFO Susan Cullen Reports Stock Purchase
SEC Form 4 Filing
Susan Cullen, SEVP/CFO of Flushing Financial Corp, reports purchasing 600 shares of common stock at an average price of $12.46 on May 10, 2024.
Summary
- On May 10, 2024, Susan Cullen, the SEVP/CFO of Flushing Financial Corp, purchased 600 shares of common stock.
- The purchase was made at a weighted average price of $12.46 per share, with individual share prices ranging from $12.44 to $12.50.
- Following the transaction, Ms. Cullen directly owns 73,407 shares of Flushing Financial Corp.
- Ms. Cullen also indirectly owns 15,447 shares through the Flushing Bank 401k Savings Plan as of May 13, 2024.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as an executive purchasing shares suggests confidence in the company's performance. However, the purchase is relatively small and may not be highly significant.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider trading activity is closely monitored by regulators and investors as it can provide insights into the company's performance and future prospects. Purchases by executives are often seen as a positive sign.
Stakeholder Impact
- The stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of common stock purchase by Susan Cullen. |
| 05/13/2024 | Date of Flushing Bank 401k Savings Plan holdings. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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