Form 4: NorthEast Community Bancorp Director Eugene M. Magier Reports Stock Transactions
SEC Form 4 Filing
Director Eugene M. Magier reports exercising stock options and disposing of shares to cover tax obligations related to vested stock awards.
Summary
- On February 3, 2025, Eugene M. Magier, a director of NorthEast Community Bancorp, Inc., executed transactions involving the company's common stock.
- Magier exercised stock options to acquire 7,240 shares at a price of $12.40.
- Simultaneously, Magier disposed of 3,679 shares at $24.4 to satisfy tax obligations related to vested stock awards.
- Following these transactions, Magier directly owns 19,867 shares of common stock and indirectly owns 3,546 shares through a spouse and 8,688 shares through a stock award.
- Magier also holds options for 28,961 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to stock options and awards, which are a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 09/30/2023 | Commencement of vesting for stock awards and stock options granted under the 2022 Equity Incentive Plan. |
| 02/03/2025 | Date of stock option exercise and share disposal by Eugene M. Magier. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
| 09/30/2032 | Expiration date of stock options granted under the 2022 Equity Incentive Plan. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Stock Awards, NorthEast Community Bancorp, NECB, Eugene M. Magier, Director, Insider Trading
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