Form 4: NorthEast Community Bancorp Director Exercises Stock Options and Disposes of Shares

John F. McKenzie, a director of NorthEast Community Bancorp, Inc., executed stock options and disposed of shares on February 3, 2025, according to a Form 4 filing with the SEC.

Summary

• On February 3, 2025, John F. McKenzie, a director at NorthEast Community Bancorp, Inc., exercised stock options to acquire 7,240 shares of common stock at a price of $12.40 per share.
• Following the exercise of options, McKenzie disposed of 3,679 shares of common stock at a price of $24.40 per share.
• After these transactions, McKenzie directly owns 15,353 shares of common stock.
• McKenzie also indirectly owns 9,700 shares through a SEP-IRA, 3,900 shares through a spouse, and 8,688 shares through a stock award.
• McKenzie also holds 28,961 derivative securities in the form of stock options.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the director's transactions as an indicator of their confidence in the company.

Key Dates

Keywords

Form 4, stock options, NorthEast Community Bancorp, director, share disposal, John F. McKenzie, beneficial ownership