Form 4: HarborOne Bancorp FVP, Interim CFO Jean Levesque Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jean Levesque, FVP and Interim CFO of HarborOne Bancorp, reports acquisition of restricted stock and disposal of shares to cover withholding taxes.
Summary
- On March 1, 2024, Jean Levesque, FVP and Interim CFO of HarborOne Bancorp, acquired 2,800 shares of common stock as a restricted stock award for no consideration.
- The restricted stock vests in three equal annual installments starting March 1, 2025.
- Also on March 1, 2024, Levesque disposed of 286, 231, and 251 shares of common stock at $10.18 per share to cover withholding taxes associated with the vesting of restricted shares.
- Following these transactions, Levesque beneficially owns 11,270 shares of HarborOne Bancorp common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Future Outlook
The restricted stock award vests in three equal annual installments beginning on March 1, 2025.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of restricted stock award and disposal of shares for tax withholding. |
| 03/01/2025 | First vesting date for the restricted stock award. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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