Form 4: Northfield Bancorp CEO Steven M. Klein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Steven M. Klein, Chairman, President & CEO of Northfield Bancorp, reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On February 17, 2025, Steven M. Klein, Chairman, President & CEO of Northfield Bancorp, Inc., reported a transaction.
- 705 shares of common stock were disposed of to satisfy tax obligations at a price of $11.82 per share.
- Following the transaction, Klein directly owns 483,942 shares of common stock.
- Klein also indirectly owns 51,871.46 shares through an ESOP and 62,946.21 shares through a 401(k).
- Klein holds options for 135,000 shares exercisable at $14.76 (expiring 05/27/2025) and 40,000 shares exercisable at $16.89 (expiring 11/01/2027).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is routine. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 05/27/2016 | Date of grant for stock options exercisable at $14.76. |
| 11/01/2018 | Date of grant for stock options exercisable at $16.89. |
| 02/17/2025 | Date of transaction: shares withheld for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
| 05/27/2025 | Expiration date for stock options exercisable at $14.76. |
| 11/01/2027 | Expiration date for stock options exercisable at $16.89. |
Keywords
Northfield Bancorp, NFBK, Steven M. Klein, Beneficial Ownership, Form 4, SEC Filing, Insider Trading, Stock Options, ESOP, 401(k), Tax Obligations
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