Form 4: Waterstone Financial Executive Ryan J. Gordon Reports Stock Vesting

EVP/Chief Credit Officer Ryan J. Gordon reports the vesting of 1,380 shares of Waterstone Financial, Inc. stock on March 6, 2024.

Summary

• Ryan J. Gordon, EVP/Chief Credit Officer of Waterstone Financial, Inc., filed a Form 4 on March 8, 2024, reporting changes in beneficial ownership.
• On March 6, 2024, 1,380 shares of common stock vested and were transferred to Gordon.
• These shares were part of a restricted stock grant from March 6, 2021, which was subject to a three-year cliff vesting schedule and performance criteria.
• Gordon also indirectly owns 17,699 shares through an ESOP and 15,191 shares through a trust.
• Gordon directly owns 10,000 stock options exercisable at $17.20, expiring on January 24, 2028.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock vesting, which is neither particularly positive nor negative. It reflects standard executive compensation practices.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted stock, aligning executive compensation with company performance over a three-year period.

Stakeholder Impact

• The vesting of shares may have a minor dilutive effect on existing shareholders.
• The vesting of shares incentivizes the executive to continue to perform well for the company.

Key Dates