Form 4: Northfield Bancorp EVP David Fasanella Reports Changes in Beneficial Ownership

David Fasanella, EVP of Northfield Bancorp, reports acquisition and disposal of common stock due to performance-based restricted stock units and tax obligations.

Summary

• On February 28, 2024, David Fasanella, EVP of Northfield Bancorp, reported changes in beneficial ownership of the company's common stock.
• Fasanella acquired 3,403 shares of common stock related to performance-based restricted stock units granted on January 29, 2021.
• He also disposed of 1,532 shares to satisfy tax obligations at a price of $9.86 per share.
• Following these transactions, Fasanella directly owns 48,370 shares of Northfield Bancorp common stock.
• Additionally, Fasanella indirectly owns shares through a 401(k) (2,167.137 shares), an ESOP (5,077.255 shares), and a Roth IRA (3,000 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to compensation and tax obligations.

Positives

• The acquisition of shares through performance-based restricted stock units suggests that Fasanella has met certain performance goals.

Negatives

• The disposal of shares to cover tax obligations reduces Fasanella's direct ownership stake.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related activities.

Key Dates