Form 4: Northfield Bancorp Executive David Fasanella Reports Stock Transactions

Executive Vice President David Fasanella of Northfield Bancorp reported the disposal of company stock to cover tax obligations.

Summary

• David Fasanella, an Executive Vice President at Northfield Bancorp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 28, 2025, Mr. Fasanella disposed of 629 shares of common stock at a price of $11.68 per share to cover tax obligations.
• On January 29, 2025, he disposed of an additional 453 shares at $11.55 per share, also for tax purposes.
• Following these transactions, Mr. Fasanella directly owns 54,250 shares of Northfield Bancorp common stock.
• He also has indirect ownership of 6,547.0967 shares through an ESOP, 2,238.58 shares through a 401(k), and 4,000 shares through a Roth IRA.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are typical for executives who may need to sell shares to cover tax liabilities related to stock-based compensation.
• Similar filings are made by executives at comparable financial institutions such as Investors Bancorp and OceanFirst Financial Corp.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and for tax purposes.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Northfield Bancorp, David Fasanella, Executive Vice President, Tax Obligations, Equity Securities