Form 4: Northfield Bancorp Director John P. Connors Jr. Increases Stake with Recent Stock Purchase

Director John P. Connors Jr. of Northfield Bancorp, Inc. [NFBK] recently acquired 6,500 shares of common stock at an average price of $7.5224, increasing his total holdings.

Summary

• On June 11, 2024, John P. Connors Jr., a director of Northfield Bancorp, Inc., purchased 6,500 shares of common stock.
• The purchase price averaged $7.5224 per share.
• Following the transaction, Connors directly owns 163,938 shares of Northfield Bancorp common stock.
• Connors also indirectly owns shares through various IRA accounts: 33,181 shares through one IRA, 7,041 shares through another IRA, and 841 shares through his spouse's IRA.
• He also holds options for 32,000 shares of common stock with an exercise price of $14.76, exercisable since May 27, 2016, and expiring on May 27, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a routine transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like directors, buy or sell the company's securities. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The increased stake of a director could be viewed positively by shareholders.

Key Dates