Form 4: NewtekOne Director Gregory Zink Receives Restricted Stock Award

NewtekOne, Inc. Director Gregory L. Zink was granted 2,283 restricted shares of common stock under the 2023 Stock Incentive Plan, vesting 100% after 12 months.

Summary

• Gregory L. Zink, a Director of NewtekOne, Inc. (NEWT), acquired 2,283 shares of common stock.
• The transaction occurred on June 30, 2025.
• The shares were granted as a restricted stock award under the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan.
• The grant price for the restricted stock was $10.95 per share.
• Following this transaction, Gregory L. Zink beneficially owns a total of 36,207 shares of common stock.
• The 2,283 restricted shares will vest 100% after 12 months from the grant date.
• Dividends in the form of common stock will be paid during the restricted period, and these dividend shares will also vest pursuant to the same vesting schedule.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is generally a positive signal, indicating alignment of interests and confidence in the company's future, though it's a routine compensation event rather than a major strategic announcement.

Positives

• Director Gregory L. Zink received a restricted stock award, which aligns his financial interests with those of the company's shareholders.
• The grant was made under the NewtekOne, Inc. 2023 Stock Incentive Plan, which was approved by both shareholders and the Board, indicating sound corporate governance.
• Dividends will be paid in common stock during the restricted period, further increasing the director's stake and strengthening the alignment of interests with long-term company performance.

Future Outlook

The grant of restricted stock with a 12-month vesting period indicates a future alignment of the director's interests with the long-term performance and strategic objectives of NewtekOne, Inc.

Industry Context

This transaction is a routine insider equity grant, common across various industries, particularly in financial services where executive and director compensation often includes equity components to align with shareholder value and long-term company performance.

Comparison to Industry Standards

• Restricted stock awards are a standard component of executive and director compensation packages across publicly traded companies, including those in the financial services sector.
• The 12-month vesting period is a common practice designed to retain key personnel and incentivize long-term performance and commitment.
• The grant under a shareholder-approved plan aligns with typical corporate governance best practices for equity compensation, ensuring transparency and accountability.

Corporate Governance

Related Party Transactions

• Grant of 2,283 restricted shares of common stock to Gregory L. Zink, a Director of NewtekOne, Inc., under the 2023 Stock Incentive Plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value creation, as the value of the award is tied to the company's stock performance.
• Employees: While this specific grant is to a director, the existence and utilization of a stock incentive plan suggest a broader framework for equity compensation, which can positively impact employee morale and retention if similar programs are available to other personnel.

Next Steps

• The 2,283 restricted shares granted to Gregory L. Zink are expected to vest 100% after 12 months from the grant date of June 30, 2025.
• Dividends on these restricted shares will be paid in common stock during the restricted period and will vest according to the same schedule.

Key Dates

Keywords

NewtekOne, NEWT, Form 4, Insider Transaction, Restricted Stock Award, Stock Incentive Plan, Director Compensation, Equity Grant