Form 4: NFBK EVP Sells Shares for Tax Obligations

Northfield Bancorp EVP William R. Jacobs sold 2,863 shares of common stock to cover tax liabilities from equity award vesting.

Summary

• William R. Jacobs, Executive Vice President and Principal Accounting Officer (EVP & PAO) of Northfield Bancorp, Inc. (NFBK), reported transactions involving the company's common stock.
• On January 24, 2026, Jacobs disposed of 1,618 shares of common stock at a price of $11.89 per share.
• On January 26, 2026, Jacobs disposed of an additional 1,245 shares of common stock at a price of $11.89 per share.
• These sales, totaling 2,863 shares, were executed to satisfy tax obligations in connection with the vesting of an equity award.
• Following these transactions, Jacobs directly beneficially owns 70,490 shares of common stock.
• Indirect beneficial ownership includes 12,718.99 shares held through a 401(k) plan and 35,846.22 shares held through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The transaction is a routine sale of shares to cover tax obligations upon equity award vesting, which is a neutral event for the company's operational performance or strategic direction. It does not indicate positive or negative sentiment towards the company's future.

Positives

• The transactions represent a routine event for satisfying tax obligations on vested equity awards, indicating the executive is receiving compensation as part of their employment.

Negatives

• The executive's direct beneficial ownership of common stock decreased by 2,863 shares as a result of these sales.

Risks

• No specific risks related to the company's operations, financial health, or future prospects are mentioned in this Form 4 filing. The reported transaction is a routine tax-related sale by an insider.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance, strategic direction, or financial estimates.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends, competitive analysis, or the company's position within the financial services sector.

Comparison to Industry Standards

• This filing reports a standard insider transaction for tax purposes, which is a common occurrence across all industries when equity awards vest. No specific comparable companies, projects, or results are relevant for this type of disclosure.

Stakeholder Impact

• Shareholders: The executive's direct ownership decreased slightly, but this is a routine tax-related sale and not indicative of a change in confidence or a significant shift in insider holdings.
• Employees: No direct impact on employees is indicated by this filing.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for the company or the reporting person beyond the reported transactions.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive sold shares to cover tax obligations related to vested equity awards. Such transactions are common and generally do not reflect a change in the company's fundamental outlook or the executive's confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Northfield Bancorp, NFBK, Form 4, Insider Trading, Stock Sale, Executive Compensation, William R. Jacobs, Tax Obligations, Equity Award Vesting