Form 4: Director Gregory Zink Acquires NewtekOne Shares

Director Gregory L. Zink acquired 1,825 restricted shares of NewtekOne, Inc. common stock through a restricted stock award.

Summary

• Gregory L. Zink, a Director at NewtekOne, Inc., was granted 1,825 restricted shares of common stock on June 16, 2026.
• This award is part of the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan.
• The restricted shares have a vesting period of 12 months.
• Dividends paid in common stock during the restricted period will also vest according to the same schedule.
• Following this transaction, Mr. Zink beneficially owns 37,910 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard insider transaction related to director compensation rather than a significant strategic or financial event.

Positives

• Director compensation through stock awards aligns management interests with shareholders.
• The vesting schedule encourages long-term commitment from the director.
• The grant of restricted stock indicates confidence in the company's future performance.

Negatives

• The filing does not provide details on the valuation of the restricted stock award beyond the implied purchase price of $13.70 per share for the acquisition of 1,825 shares.

Risks

• The value of the restricted stock award is subject to market fluctuations and the company's future performance.
• If the company's stock price declines, the value of the award will be negatively impacted.

Future Outlook

The filing does not contain forward-looking statements or guidance. The details pertain to a stock award with a 12-month vesting period.

Industry Context

StockSavvy.ai notes that the issuance of restricted stock awards to directors is a common practice in the financial services and technology sectors to incentivize performance and align executive interests with shareholders. This type of compensation is standard for retaining key leadership.

Comparison to Industry Standards

• The granting of restricted stock awards to directors is a prevalent compensation strategy across the financial services industry, similar to practices seen at companies like [Competitor A] and [Competitor B].
• The 12-month vesting period for restricted stock is a common benchmark, though some companies may offer longer or tiered vesting schedules depending on their specific retention goals and industry norms.

Stakeholder Impact

• Shareholders: The transaction aligns director incentives with shareholder value creation through equity ownership.
• Employees: The stock incentive plan may set a precedent for other employee compensation structures.
• Management: Reinforces the company's commitment to retaining key leadership through equity-based compensation.

Next Steps

• The restricted shares will vest after 12 months from the grant date.
• Dividends paid in common stock during the restricted period will also vest.

Key Dates

Keywords

NewtekOne, NEWT, Form 4, Insider Transaction, Restricted Stock Award, Director Compensation, Stock Incentive Plan, Beneficial Ownership