Form 4: Quaint Oak Bancorp SVP Diane J. Colyer Reports Changes in Beneficial Ownership

Diane J. Colyer, SVP and Corporate Secretary of Quaint Oak Bancorp, reports changes in beneficial ownership of company stock due to tax obligations, 401(k) plan acquisitions, and ESOP allocations.

Summary

• On May 10, 2024, Diane J. Colyer, SVP and Corporate Secretary of Quaint Oak Bancorp, reported changes in her beneficial ownership of the company's stock.
• These changes include a disposition of 180 shares to meet tax obligations related to a stock benefit plan at a price of $10.1 per share.
• Colyer directly owns 16,334 shares of common stock following the reported transaction.
• She also indirectly owns 1,220.77 shares through a 401(k) plan, 2,820 shares through an IRA, 1,200 shares through her spouse, and 14,970.3638 shares through an ESOP.
• Colyer also holds options to buy 6,000 shares at $18, vesting at 20% per year starting May 10, 2024, and options to buy 6,000 shares at $13.3, which vested at 20% per year starting May 9, 2019.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. The disposition of shares is for tax obligations, which is a common occurrence.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.
• The disposition of shares to cover tax obligations has a minimal impact on stakeholders.

Key Dates