Form 4: Director Richard J. Salute Acquires NewtekOne Shares

Director Richard J. Salute acquired 1,825 restricted shares of NewtekOne, Inc. common stock through a restricted stock award.

Summary

• Richard J. Salute, a Director at NewtekOne, Inc., was granted 1,825 restricted shares of common stock on June 16, 2026.
• This award is part of the NewtekOne, Inc. 2023 Stock Incentive Plan.
• The restricted shares have a 100% 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. Salute beneficially owns 47,597 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard stock award to a director under an existing plan, rather than a significant new development or financial outcome.

Positives

• Director Richard J. Salute has increased his beneficial ownership of NewtekOne, Inc. common stock.
• The grant of restricted shares indicates a commitment to aligning management and director interests with shareholders.
• The award is made under an existing, shareholder-approved stock incentive plan.

Risks

• The vesting schedule of the restricted shares means that the full benefit of the award is contingent on continued service for 12 months.
• The value of the award is subject to market fluctuations in the price of NewtekOne, Inc. common stock.

Future Outlook

The restricted shares are subject to a 12-month vesting period, with dividends paid in common stock also vesting on the same schedule.

Industry Context

StockSavvy.ai notes that grants of restricted stock to directors are a common practice in the financial services and technology sectors to incentivize long-term performance and align executive interests with shareholders.

Stakeholder Impact

• Shareholders: The award aligns director interests with long-term shareholder value through equity ownership.
• Employees: The existence of a stock incentive plan can contribute to employee morale and retention.
• Management: The award is a form of compensation and incentive for the director.

Next Steps

• Vesting of 1,825 restricted shares after 12 months from the grant date.
• Vesting of any dividends paid in common stock during the restricted period.

Key Dates

Keywords

NewtekOne, NEWT, Form 4, Insider Transaction, Stock Award, Restricted Stock, Director, Beneficial Ownership, Securities Exchange Act