Form 4: HarborOne Bancorp EVP Brenda Diepold Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brenda Diepold, EVP and Chief Banking Officer of HarborOne Bancorp, reports transactions involving common stock, including shares withheld for taxes and the vesting of performance share units.
Summary
- Brenda Diepold, EVP and Chief Banking Officer of HarborOne Bancorp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 28, 2025, shares were withheld by the issuer to cover withholding taxes related to the vesting of restricted shares and performance share units (PSUs).
- 810 performance share units (PSUs) granted on March 1, 2022, vested on February 28, 2025, after the Compensation Committee determined that performance-vesting criteria were met.
- On March 3, 2025, Ms. Diepold acquired 4,638 shares of restricted stock, which will vest in three equal annual installments starting on March 3, 2026.
- Following these transactions, Ms. Diepold directly owns 35,013 shares of common stock and indirectly owns 325 shares through a 401K.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The vesting of PSUs suggests positive performance, but the overall sentiment is neutral.
Positives
- The vesting of performance share units suggests that performance goals were achieved, which could be viewed positively.
Future Outlook
The restricted stock award vests in three equal annual installments beginning on March 3, 2026.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at HarborOne Bancorp.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The vesting of performance share units is a common form of executive compensation tied to company performance, aligning management's interests with those of shareholders.
Stakeholder Impact
- The vesting of performance share units and the award of restricted stock can align management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Date of grant for 810 performance share units (PSUs) |
| February 28, 2025 | Date of vesting for PSUs and withholding of shares for taxes |
| March 3, 2025 | Date of restricted stock award |
| March 3, 2026 | First vesting date for restricted stock award |
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