Form 4: NewtekOne CEO Barry Sloane Receives Stock Grant

NewtekOne, Inc. President, Chairman & CEO Barry Sloane was granted 3,595 restricted shares of common stock, aligning executive interests with shareholder value.

Summary

• Barry Sloane, President, Chairman & CEO of NewtekOne, Inc. (NEWT), reported an acquisition of common stock.
• On January 14, 2026, Sloane was granted 3,595 restricted shares of NewtekOne, Inc. common stock.
• The grant was made under the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan.
• The restricted shares have a valuation price of $13.91 per share.
• These shares will vest 100% after twenty-four (24) months from the grant date.
• Dividends in the form of common stock will be paid during the restricted period and will vest according to the same schedule.
• Following this transaction, Barry Sloane beneficially owns 1,194,180 shares of common stock directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock to the CEO is generally a positive signal, indicating management's long-term commitment and alignment with shareholder interests. It's a standard compensation practice designed to incentivize performance and retention.

Positives

• The grant of restricted stock to the President, Chairman & CEO, Barry Sloane, aligns his interests with long-term shareholder value.
• The transaction was made under a shareholder and board-approved stock incentive plan, indicating good corporate governance.
• The vesting schedule over 24 months encourages sustained performance and retention of key management.
• Dividends paid in common stock during the restricted period further enhance the alignment of interests.

Future Outlook

The 3,595 restricted shares granted to Barry Sloane are scheduled to vest 100% after 24 months from the grant date of January 14, 2026, indicating a future equity stake increase contingent on continued employment and performance.

Management Comments

• On January 14, 2026, under the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan, Barry Sloane was granted 3,595 restricted shares of the Issuer's common stock as a restricted stock award.
• The restricted stock award includes a vesting schedule of 100% of the shares after twenty-four (24) months.
• Dividends in the form of common stock will be paid during the restricted period, and these common stock dividends will also vest pursuant to the same vesting schedule.

Industry Context

The grant of restricted stock to a CEO is a common practice in publicly traded companies to incentivize long-term performance, align executive interests with shareholders, and retain key talent. This type of equity compensation is a standard component of executive remuneration packages across various industries.

Comparison to Industry Standards

• The use of restricted stock awards with a multi-year vesting schedule is a widely accepted and standard practice for executive compensation in public companies, comparable to practices at firms like JPMorgan Chase (JPM) or Bank of America (BAC) for their senior executives, where equity grants are tied to performance and retention.
• The structure, including dividend payments during the restricted period, is consistent with common equity incentive plans designed to foster long-term commitment and shareholder alignment.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for increased alignment of CEO's interests with long-term shareholder value, as his compensation is tied to the company's stock performance and retention.
• Employees: May signal stability in executive leadership and a commitment to long-term growth, potentially boosting employee morale.
• Management: Provides a significant incentive for the CEO to remain with the company and drive its success over the vesting period.

Next Steps

• Continued employment of Barry Sloane to meet the 24-month vesting requirement for the restricted shares.
• Vesting of 3,595 restricted shares on January 14, 2028.
• Payment of dividends in common stock during the restricted period, which will also vest with the original grant.

Key Dates

Keywords

NewtekOne, NEWT, Barry Sloane, Form 4, restricted stock, stock grant, insider transaction, executive compensation, equity incentive plan