BCB Bancorp COO rebalances 401(k) stock holdings
BCB Bancorp Inc. chief operating officer Ryan Blake reported a routine update to his shareholdings.
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Rhea-AI Filing Summary
BCB Bancorp Inc. chief operating officer Ryan Blake reported a routine update to his shareholdings. A Form 4 shows a discretionary transaction under Rule 16b-3(f) in his 401(k) plan, reflecting a portfolio rebalancing that disposed of certain Common Stock shares rather than an open-market trade.
Following this activity, Blake directly holds 42,262 Common Stock shares and indirectly holds 1,112 shares through his 401(k) plan. The filing indicates this was an internal retirement-plan adjustment, not a traditional buy or sell in the market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Common Stock | 5,841 | $11.11 | $65K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Reflects a disposition of certain shares of Common Stock held in the Reporting Person's 401(k) plan as a result of a rebalancing of the Reporting Person's investment portfolio within the 401(k) plan.
Key Figures
Key Terms
Discretionary transaction financial
Rule 16b-3(f) regulatory
401(k) plan financial
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did BCB Bancorp (BCBP) report in this Form 4?
Was the BCB Bancorp (BCBP) COO’s Form 4 transaction an open-market sale?
What does a discretionary transaction under Rule 16b-3(f) mean for BCB Bancorp (BCBP) insiders?
AI-generated analysis. How Rhea-AI works. Not financial advice.