Form 4: HarborOne Bancorp SVP, Chief Information Officer, Brent W. Grable, Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Brent W. Grable, SVP and Chief Information Officer of HarborOne Bancorp, reports the acquisition of 2,874 shares of restricted stock on March 1, 2024.
Summary
- On March 1, 2024, Brent W. Grable, the SVP and Chief Information Officer of HarborOne Bancorp, acquired 2,874 shares of common stock.
- The acquisition was an award of restricted stock for no consideration.
- The restricted stock vests in three equal annual installments starting on March 1, 2025.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of a stock award. The vesting schedule suggests a long-term commitment.
Positives
- The acquisition of restricted stock suggests confidence in the company's future performance.
Future Outlook
The restricted stock award vests in three equal annual installments beginning on March 1, 2025, suggesting a multi-year commitment from the executive.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, ensuring fair markets and preventing insider trading.
Stakeholder Impact
- The acquisition of restricted stock by a key executive could be viewed positively by shareholders, indicating alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of 2,874 shares of restricted stock. |
| 03/01/2025 | First vesting date for the restricted stock award. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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