Form 4: HarborOne Bancorp SVP, Chief Marketing Officer Reports Changes in Beneficial Ownership

David E. Tryder, SVP, Chief Marketing Officer of HarborOne Bancorp, Inc., reports transactions involving common stock, including shares withheld for taxes and the acquisition of restricted stock.

Summary

• On February 28, 2025, David E. Tryder, SVP, Chief Marketing Officer of HarborOne Bancorp, Inc., had shares withheld by the issuer to cover withholding taxes associated with the vesting of restricted shares at a price of $11.5.
• A total of 274, 321 and 248 shares were withheld.
• On the same date, 535 performance share units (PSUs) granted on March 1, 2022, vested, and 186 shares were withheld to cover withholding taxes associated with the vesting of PSUs.
• On March 3, 2025, Mr. Tryder acquired 2,977 shares of restricted stock for no consideration, which will vest in three equal annual installments beginning on March 3, 2026.
• Following these transactions, Mr. Tryder beneficially owns 17,641.703 shares of HarborOne Bancorp, Inc. common stock.
• The price per share for the transactions on February 28, 2025 was $11.5.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation and tax obligations. The vesting of PSUs suggests positive performance, but the overall impact is balanced by the shares withheld for taxes.

Positives

• The acquisition of 2,977 shares of restricted stock indicates a continued investment in the company by the reporting person.
• The vesting of performance share units suggests that performance goals were met, which is a positive indicator for the company's performance.

Future Outlook

The restricted stock award vests in three equal annual installments beginning on March 3, 2026.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• Similar filings are made by executives at comparable financial institutions like Eastern Bankshares, Inc. and Independent Bank Corp., reflecting standard compensation practices and equity ownership.

Stakeholder Impact

• Shareholders may view the vesting of performance share units as a positive sign of company performance.
• The transactions have a minimal direct impact on other stakeholders such as employees, customers, suppliers, and creditors.

Key Dates