Form 4: HarborOne Bancorp Director Michael James Sullivan Reports Acquisition of Restricted Stock

Michael James Sullivan, Chairman of the Board at HarborOne Bancorp, reports the acquisition of 4,314 shares of restricted stock awarded with no consideration.

Summary

• On March 3, 2025, Michael James Sullivan, Chairman of the Board at HarborOne Bancorp, acquired 4,314 shares of common stock as a restricted stock award.
• The acquisition was for no consideration ($0 price per share).
• The restricted stock vests in full on March 3, 2026.
• Following the transaction, Sullivan directly owns 85,250 shares of common stock and indirectly owns 1,000 shares through Double Eagle LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing regarding stock ownership changes. The acquisition of restricted stock is generally viewed as a positive, but it's a routine event.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to insider transactions, specifically the granting of restricted stock to a company director. Such grants are common in the banking industry as a form of compensation and incentive.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it aligns the director's interests with those of the shareholders.

Key Dates