4/A: Northfield Bancorp EVP William R. Jacobs Reports Changes in Beneficial Ownership
SEC Form 4/A
William R. Jacobs, EVP & PAO of Northfield Bancorp, reports changes in beneficial ownership of company stock due to the issuance of shares and tax obligations.
Summary
- On February 28, 2024, William R. Jacobs, EVP & PAO of Northfield Bancorp, reported changes in his beneficial ownership of the company's common stock.
- These changes include the acquisition of 2,919 shares at $0 due to the satisfaction of performance-based restricted stock units granted on January 29, 2021.
- Additionally, 1,314 shares were disposed of at $9.86 to cover tax obligations.
- Following these transactions, Jacobs directly owns 66,065 shares of common stock.
- He also indirectly owns 30,574.79 shares through an ESOP and 11,777.861 shares through a 401(k).
- The report also notes that Jacobs holds 12,000 stock options exercisable since May 27, 2016, with an expiration date of May 27, 2025, at an exercise price of $14.76.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares through performance-based restricted stock units indicates that performance targets were met.
Negatives
- The disposal of shares to cover tax obligations reduces the overall shareholding.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 01/29/2021 | Date of grant for performance-based restricted stock units. |
| 05/27/2016 | Date stock options became exercisable. |
| 02/28/2024 | Date of the reported transactions (acquisition and disposal of shares). |
| 03/01/2024 | Date of original filing (amended on 04/26/2024). |
| 05/27/2025 | Expiration date of stock options. |
| 04/26/2024 | Date of amendment filing. |
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