Form 4: NewtekOne Executive Halli Razon-Feingold Acquires Restricted Stock

Halli Razon-Feingold, Chief Administrative Officer of NewtekOne, Inc., was granted 5,967 restricted shares of common stock on July 1, 2024, under the company's 2023 Stock Incentive Plan.

Summary

• On July 1, 2024, Halli Razon-Feingold, Chief Administrative Officer of NewtekOne, Inc., received 5,967 restricted shares as a restricted stock award.
• The grant was made under the NewtekOne, Inc. 2023 Stock Incentive Plan, which was approved by shareholders and the Board.
• The restricted shares will vest 100% after twelve months.
• Dividends will be paid in the form of common stock during the restriction period and will also vest according to the vesting schedule.
• Following the transaction, Razon-Feingold directly owns 23,531 shares of NewtekOne, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.
• The payment of dividends in common stock further increases the executive's stake in the company.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This type of stock grant is a common practice in publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Stock incentive plans are a standard component of executive compensation packages in publicly traded companies.
• The vesting schedule of 12 months is relatively common, although some companies may use longer or shorter vesting periods.
• The amount of stock granted is likely determined based on the executive's role, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign, aligning executive interests with company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates