Form 4: Northfield Bancorp Executive Vice President Sells Shares to Cover Tax Obligations

William R. Jacobs, Executive Vice President and Principal Accounting Officer of Northfield Bancorp, sold shares to cover tax obligations.

Summary

• William R. Jacobs, an Executive Vice President and Principal Accounting Officer at Northfield Bancorp, sold a total of 1,153 shares of common stock on January 28th and 29th, 2025.
• These sales were executed to cover tax obligations related to stock awards.
• The shares were sold at prices of $11.68 and $11.55 per share respectively.
• Following these transactions, Mr. Jacobs directly owns 73,636 shares of common stock.
• He also indirectly owns 33,098.587 shares through an ESOP and 12,166.07 shares through a 401(k).
• Mr. Jacobs also holds options for 12,000 shares of common stock exercisable at $14.76 per share, expiring on May 27, 2025.

Sentiment

Score: 5

Explanation: The document is a routine filing of insider transactions and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation.
• The number of shares sold is relatively small compared to the total shares outstanding, and the price is within the normal trading range for the stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Northfield Bancorp, NFBK, Executive Vice President, Principal Accounting Officer, stock sale, tax obligations, insider trading, Form 4, ESOP, 401(k), stock options