Form 4: Northfield Bancorp Director Acquires Shares and Options
SEC Form 4 Filing
Director Timothy C. Harrison acquired 4,631 shares of Northfield Bancorp stock and maintains ownership of 32,000 stock options.
Summary
- Timothy C. Harrison, a director at Northfield Bancorp, acquired 4,631 shares of common stock on January 24, 2025.
- The shares were acquired at a price of $0, indicating they were likely awarded as part of a compensation package.
- Following the transaction, Mr. Harrison directly owns 82,313 shares of Northfield Bancorp.
- Mr. Harrison also holds 32,000 stock options with an exercise price of $14.76, which were granted on May 27, 2016, and expire on May 27, 2025.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, which is generally neutral to positive. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.
Positives
- The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
- The vesting of the shares one year from the grant date aligns the director's interests with the company's long-term performance.
Industry Context
This filing is a routine disclosure of a director's stock transactions, which is common in the financial industry. It reflects standard practice for reporting changes in beneficial ownership.
Comparison to Industry Standards
- The reporting of stock transactions by directors is a standard practice across all publicly traded companies, including those in the financial sector.
- Similar filings can be seen from directors at comparable companies such as Investors Bancorp and OceanFirst Financial Corp, which also regularly report stock acquisitions and option grants.
- The vesting period of one year is also a common practice to align director interests with company performance.
Stakeholder Impact
- The acquisition of shares by a director may be viewed positively by shareholders, indicating confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/27/2016 | Grant date of stock options. |
| 01/24/2025 | Date of common stock acquisition. |
| 05/27/2025 | Expiration date of stock options. |
| 01/28/2025 | Date of filing of the SEC Form 4. |
Keywords
Northfield Bancorp, Director, Stock Acquisition, Stock Options, Beneficial Ownership, SEC Form 4, NFBK
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