Form 4: Northfield Bancorp Director Acquires Shares Through Stock Award

Annette Catino, a director at Northfield Bancorp, acquired 4,631 shares of common stock through a stock award on January 24, 2025.

Summary

• Annette Catino, a director of Northfield Bancorp, acquired 4,631 shares of common stock on January 24, 2025.
• The shares were acquired through a stock award, with a price of $0.
• Following the transaction, Ms. Catino directly owns 229,988 shares of common stock.
• She also indirectly owns 37,460 shares through a SEP and 21,000 shares through an IRA.
• Ms. Catino also holds stock options for 32,000 shares, exercisable at $14.76, expiring on May 27, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows alignment of interests between management and shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
• The stock award increases the director's alignment with shareholder interests.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The reporting of stock awards and options is standard practice for publicly traded companies, and this filing is consistent with SEC regulations.
• Other financial institutions will have similar filings when directors or officers receive stock awards or exercise options.

Stakeholder Impact

• The stock award to a director may be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Northfield Bancorp, Director, Stock Award, Share Acquisition, Beneficial Ownership, Stock Options, SEC Form 4