Form 4: Waterstone Financial COO William Bruss Reports Stock Transactions
SEC Form 4
William Bruss, COO/General Counsel of Waterstone Financial, Inc., reports acquisition and disposal of company stock on March 6, 2024.
Summary
- On March 6, 2024, William Bruss, the COO/General Counsel of Waterstone Financial, Inc., reported transactions involving the company's common stock.
- Bruss acquired 2,289 shares of common stock at $0, which vested from restricted stock granted on March 6, 2021.
- He also disposed of 695 shares at a price of $12.15.
- Following these transactions, Bruss directly owns 27,720 shares and indirectly owns 53,806 shares through an ESOP, 17,315 shares through a 401(k), and 21 shares through a custodian.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- Employees participating in the ESOP and 401(k) plans may be indirectly affected by the stock transactions.
Key Dates
| Date | Description |
|---|---|
| 03/06/2021 | Reporting person was granted 2,639 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. |
| 03/06/2024 | Earliest transaction date; 2,289 shares of restricted stock vested and were transferred to the executive; 695 shares disposed of. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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