Form 4: Waterstone Financial Subsidiary President Reports Stock Disposal
SEC Form 4 Filing
Jeffrey R. McGuiness, Subsidiary President of Waterstone Financial, Inc., reports the disposal of 3,290 shares of common stock to cover tax obligations.
Summary
- On January 26, 2024, Jeffrey R. McGuiness, Subsidiary President of Waterstone Financial, Inc. (WSBF), disposed of 3,290 shares of common stock.
- The transaction was executed at a price of $14.04 per share.
- Following the transaction, McGuiness directly owns 3,842 shares of Waterstone Financial, Inc.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in sentiment or alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a relatively small disposal of shares by a subsidiary president.
Key Dates
| Date | Description |
|---|---|
| 01/26/2024 | Date of stock disposal transaction |
| 03/19/2024 | Date of signature on the report |
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