Form 4: Northfield Bancorp Director Karen J. Kessler Reports Stock Transactions

Director Karen J. Kessler of Northfield Bancorp, Inc. reported acquiring 4,631 shares of common stock and disposing of 3,500 shares held indirectly through a 401(k).

Summary

• Karen J. Kessler, a director at Northfield Bancorp, Inc., reported a transaction involving the company's common stock.
• On January 24, 2025, Ms. Kessler acquired 4,631 shares of common stock at a price of $0, which likely represents a grant or award.
• She also disposed of 3,500 shares of common stock held indirectly through a 401(k).
• Following these transactions, Ms. Kessler directly owns 64,854 shares of common stock.
• Ms. Kessler 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: 5

Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
• The reported transactions are typical for directors who receive stock-based compensation and manage their retirement accounts.
• The stock option exercise price of $14.76 is specific to Northfield Bancorp and would need to be compared to other similar financial institutions to assess its relative value.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are generally considered routine.
• Shareholders can use this information to track insider activity and assess management's alignment with shareholder interests.

Key Dates

Keywords

Northfield Bancorp, NFBK, insider trading, Form 4, stock transaction, director, common stock, stock options, 401(k)