Form 4: NFBK CEO Sells Shares for Tax Obligations

Northfield Bancorp's Chairman, President & CEO, Steven M. Klein, sold shares to cover tax liabilities from equity award vesting.

Summary

• Steven M. Klein, Chairman, President & CEO of Northfield Bancorp, Inc. (NFBK), reported transactions on January 24, 2026, and January 26, 2026.
• Klein disposed of 3,957 shares of Common Stock on January 24, 2026, and 2,680 shares on January 26, 2026, both at a price of $11.89 per share.
• These sales were made to satisfy tax obligations related to the vesting of an equity award.
• Following these transactions, Klein directly beneficially owns 477,305 shares of Common Stock.
• Klein also indirectly holds 55,459.19 shares via an ESOP and 65,806.61 shares via a 401(k) plan.
• He also holds 40,000 stock options with an exercise price of $16.89, exercisable since November 1, 2018, and expiring on November 1, 2027.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is generally considered neutral in terms of company performance or outlook.

Negatives

• A reduction in direct beneficial ownership by the Chairman, President & CEO, Steven M. Klein, by a total of 6,637 shares.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the transaction is for tax purposes and not indicative of a change in management's view of the company's prospects.

Key Dates

Keywords

Northfield Bancorp, NFBK, Steven M. Klein, Insider Transaction, Form 4, Equity Award, Tax Obligations, Common Stock, Stock Options