Form 4: Northfield Bancorp Executive Robin Lefkowitz Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Robin Lefkowitz of Northfield Bancorp reported the disposal of shares to cover tax obligations and also reports holdings in an ESOP and 401(k).
Summary
- Robin Lefkowitz, an Executive Vice President at Northfield Bancorp, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On January 28, 2025, 536 shares of common stock were disposed of at $11.68 per share to cover tax obligations.
- On January 29, 2025, an additional 386 shares were disposed of at $11.55 per share for tax obligations.
- Following these transactions, Lefkowitz directly owns 27,152 shares of common stock.
- Lefkowitz also indirectly owns 32,892.43 shares through an ESOP and 24,555.58 shares through a 401(k).
- Lefkowitz holds 40,000 stock options exercisable at $18.44 and 10,000 stock options exercisable at $14.76.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no significant positive or negative implications.
Industry Context
Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are typical for executives managing their tax obligations and stock-based compensation.
- The stock option grants are a common form of executive compensation, similar to practices at other financial institutions such as Bank of America or JP Morgan Chase.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
- The transactions are part of the executive's compensation and tax planning.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | 536 shares of common stock were disposed of to cover tax obligations. |
| 01/29/2025 | 386 shares of common stock were disposed of to cover tax obligations. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock transactions, Northfield Bancorp, executive, stock options, ESOP, 401(k)
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