Form 4: NewtekOne Director Perez-Hickman Reports Stock Grant and Disposal

Director Fernando Perez-Hickman reports receiving a grant of 1,932 restricted shares and disposing of 5,875 shares of NewtekOne, Inc. common stock.

Summary

• On June 14, 2024, Fernando Perez-Hickman, a director of NewtekOne, Inc., reported a transaction involving the company's common stock.
• Perez-Hickman was granted 1,932 restricted shares under the NewtekOne, Inc. 2023 Stock Incentive Plan.
• These shares will vest 100% after 12 months.
• Additionally, Perez-Hickman disposed of 5,875 shares.
• Dividends in the form of common stock will be paid during the restriction period and will also vest pursuant to the vesting schedule.

Sentiment

Score: 5

Explanation: Neutral sentiment. The grant of restricted stock is generally positive, but the disposal of shares introduces some uncertainty. The overall impact is likely to be minimal.

Positives

• The grant of restricted shares to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Negatives

• The disposal of 5,875 shares by the director could be interpreted negatively by the market, although the reason for disposal is not stated.

Risks

• The disposal of shares by a director could signal a lack of confidence in the company's future performance, although this is speculative without further context.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects. Grants of restricted stock are common forms of executive compensation.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded companies, designed to align management's interests with shareholder value.
• Vesting schedules, like the 12-month vesting period for these restricted shares, are standard practice to incentivize long-term commitment.
• Companies like Blackstone and Apollo Global Management also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment as it aligns the director's interests with theirs.
• The disposal of shares could create some uncertainty among shareholders.

Key Dates