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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.

(Moderate)
(Neutral)
Form Type
4

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 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)
  1. F1. Reflects the withholding of shares to satisfy tax obligations on shares of restricted stock that vested on September 2, 2026.
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
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.
withholding of shares financial
"Reflects the withholding of shares to satisfy tax obligations on shares"
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

What insider transaction did Dime Commercial Bancshares (DCBG) report for Michael Fegan?

The company reported that Chief Technology & Ops Officer Michael Fegan had 4,506 shares of common stock delivered or withheld on September 2, 2026 to pay tax obligations arising from vested restricted stock, in two equal transactions of 2,253 shares each at $40.40 per share.

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.

How many DCBG shares were involved in each tax-withholding transaction for Michael Fegan?

Each reported transaction involved 2,253 shares of Dime Commercial Bancshares common stock. There were two such transactions on September 2, 2026, totaling 4,506 shares used to satisfy tax obligations on vested restricted stock.

At what price were Michael Fegan’s DCBG shares valued for the tax withholding?

The shares used for tax withholding were valued at $40.40 per share. Two transactions each covered 2,253 shares of Dime Commercial Bancshares common stock at this per-share value to satisfy the associated tax liability.

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.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Fegan Michael

(Last)(First)(Middle)
898 VETERANS MEMORIAL HIGHWAY, STE 560

(Street)
HAUPPAUGE NEW YORK 11788

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Dime Commercial Bancshares, Inc. /NY/ [ DCOM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology & Ops Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock09/02/2026F2,253(1)D$40.420,159D
Common Stock09/02/2026F2,253(1)D$40.417,906D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects the withholding of shares to satisfy tax obligations on shares of restricted stock that vested on September 2, 2026.
Remarks:
Megan Hickey, as attorney in fact09/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)