Form 4: NewtekOne, Inc. Executive Halli Razon-Feingold Receives Stock Grant

Halli Razon-Feingold, Chief Administrative Officer of NewtekOne, Inc., was granted 7,208 restricted shares of common stock on October 4, 2024, under the company's 2023 Stock Incentive Plan.

Summary

• On October 4, 2024, Halli Razon-Feingold, Chief Administrative Officer of NewtekOne, Inc., received a grant of 7,208 restricted shares of the company's common stock.
• 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 in the form of common stock will be paid during the restriction period and will also vest according to the vesting schedule.
• Following the transaction, Razon-Feingold beneficially owns 30,739 shares of NewtekOne, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The grant itself is a positive incentive.

Positives

• The stock grant 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.

Industry Context

Stock grants are a common practice in publicly traded companies to incentivize executives and align their interests with those of the shareholders. The terms of the grant, such as the vesting schedule and dividend policy, are typical for such arrangements.

Comparison to Industry Standards

• Stock grants to executives are a standard practice across the financial industry.
• Vesting schedules of 1-3 years are common, aligning with industry norms for incentivizing long-term performance.
• Companies like American Express and Capital One also utilize stock-based compensation as part of their executive compensation packages.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the executive to improve company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates