Form 4: HarborOne Bancorp EVP Stephen Finocchio Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Stephen W. Finocchio, EVP and CFO of HarborOne Bancorp, reports acquiring 6,040 shares of restricted stock on March 3, 2025, with vesting beginning March 3, 2026.
Summary
- Stephen W. Finocchio, the EVP and Chief Financial Officer of HarborOne Bancorp, Inc. [HONE], reported a transaction on March 3, 2025.
- Finocchio acquired 6,040 shares of common stock as a restricted stock award for no consideration ($0).
- Following the transaction, Finocchio beneficially owns 29,540 shares of HarborOne Bancorp.
- The restricted stock award vests in three equal annual installments starting on March 3, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of a stock award. While stock awards can be seen as positive, this is a routine filing.
Positives
- The acquisition of restricted stock by a key executive signals confidence in the company's future performance.
Future Outlook
The restricted stock award vests in three equal annual installments beginning on March 3, 2026, suggesting a multi-year commitment from the executive.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders can monitor executive compensation and alignment of interests through this filing.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Stephen Finocchio acquired 6,040 shares of restricted stock. |
| 03/03/2026 | First vesting date: The restricted stock award vests in three equal annual installments beginning on this date. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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