Form 4: Northfield Bancorp Director Sells 22,000 Shares

Annette Catino, a director at Northfield Bancorp, sold 22,000 shares of common stock at an average price of $13.12 on December 16, 2024.

Summary

• Annette Catino, a director of Northfield Bancorp, sold 22,000 shares of the company's common stock on December 16, 2024.
• The sale was executed at a weighted average price of $13.12 per share.
• The prices ranged from $13.00 to $13.24 per share.
• Following the transaction, Ms. Catino directly owns 225,653 shares of Northfield Bancorp common stock.
• She also indirectly owns 37,460 shares through a SEP and 21,000 shares through an IRA.
• Ms. Catino also holds options for 32,000 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no inherent positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale by a director is not unusual, but the market may interpret it as a signal, depending on the context and the size of the transaction.
• Comparable companies would also have similar filings when their directors or officers trade company stock.

Stakeholder Impact

• The sale of shares by a director could be perceived by shareholders as a lack of confidence in the company, although it could also be for personal financial reasons.
• The impact on other stakeholders is likely to be minimal.

Key Dates

Keywords

Northfield Bancorp, NFBK, insider trading, stock sale, director, Annette Catino, Form 4, SEC filing