Form 4: Waterstone Financial CEO Douglas Gordon Reports Stock Vesting and Ownership Changes
SEC Form 4 Filing
Waterstone Financial CEO Douglas Gordon reports the vesting of restricted stock and adjustments to his beneficial ownership, including shares held directly, through the ESOP, and in trust.
Summary
- On March 6, 2024, Douglas Gordon, CEO of Waterstone Financial, Inc., reported changes in his beneficial ownership of the company's common stock.
- 5,332 shares of restricted stock vested and were transferred to the executive on March 6, 2024.
- These shares were part of a grant of 6,145 shares made on March 6, 2021, subject to a three-year cliff vesting schedule and performance criteria.
- Following the reported transactions, Gordon directly owns 541,129 shares of Waterstone Financial common stock.
- He also indirectly owns 49,404 shares through the ESOP and 22,503 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report on stock vesting, a standard part of executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, typical for publicly traded companies. It provides transparency to investors regarding the holdings of key company personnel.
Stakeholder Impact
- The vesting of shares may have a minor dilutive effect on existing shareholders.
- The report provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/06/2021 | Reporting person was granted 6,145 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. |
| 03/06/2024 | 5,332 shares vested and were transferred to the executive. |
| 03/08/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.