Dime Commercial CTO has 4,506 shares withheld for taxes
Dime Commercial Bancshares’ CTO had 4,506 shares withheld at $40.40 to cover taxes on vested restricted stock.
Rhea-AI Filing Summary
Dime Commercial Bancshares, Inc. (DCBG) reported that Chief Technology & Ops Officer Michael Fegan had shares withheld on September 2, 2026 to satisfy tax obligations from vesting restricted stock. Two transactions each involved 2,253 shares of common stock delivered or withheld at $40.40 per share for this tax liability, for a total of 4,506 shares. No Rule 10b5-1 trading plan is reported, and the filing does not state Fegan's resulting share holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 4,506 shares
Tax Withholding
2 txns
Insider
Fegan Michael
Role
Chief Technology & Ops Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,253 | $40.40 | $91K |
| Tax Withholding | Common Stock F1 | 2,253 | $40.40 | $91K |
Holdings After Transaction:
Common Stock — 17,906 shares (Direct)
Footnotes (1)
- F1. Reflects the withholding of shares to satisfy tax obligations on shares of restricted stock that vested on September 2, 2026.
Key Figures
Shares delivered/withheld per transaction: 2,253 shares
Total shares delivered/withheld: 4,506 shares
Per-share value for tax withholding: $40.40 per share
+2 more
5 metrics
Shares delivered/withheld per transaction
2,253 shares
Common stock used for tax withholding on September 2, 2026, in each of two code F transactions
Total shares delivered/withheld
4,506 shares
Aggregate common shares delivered or withheld to satisfy tax obligations on vested restricted stock
Per-share value for tax withholding
$40.40 per share
Value applied to each share in both code F transactions on September 2, 2026
Number of code F transactions
2 transactions
Both for payment of tax liability by delivering or withholding securities on September 2, 2026
Exercise price or tax-liability shares
4,506 shares
Total shares classified as payment of exercise price or tax liability in the transaction summary
Key Terms
restricted stock, withholding of shares, Rule 10b5-1 trading plan, tax liability
4 terms
restricted stock financial
"tax obligations on shares of restricted stock that vested on September 2, 2026"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax liability financial
"Payment of tax liability by delivering or withholding securities"
FAQ
Was the DCBG insider transaction a market sale or for tax withholding?
The Form 4 shows a code F transaction, meaning shares were delivered or withheld to pay tax liability on restricted stock that vested on September 2, 2026, rather than an open-market sale.
Does the DCBG filing indicate a Rule 10b5-1 trading plan for Michael Fegan’s transaction?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating a trading plan. The transactions are reported solely as share withholding for tax obligations on vested restricted stock.
Does the DCBG Form 4 state Michael Fegan’s holdings after the tax-withholding transactions?
No. The Form 4 does not provide a post-transaction share balance for Michael Fegan; the relevant field is left blank, so only the 4,506 shares withheld for taxes are disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.