Dime Commercial CEO withholds 45.9K shares
DCBG’s CEO reported tax-related share withholding on vested restricted stock, with no open-market stock sales and indirect and preferred holdings disclosed.
Rhea-AI Filing Summary
Dime Commercial Bancshares, Inc. (DCBG) reported that President & CEO Stuart H. Lubow had 45,945 shares of common stock withheld on September 2, 2026 to satisfy tax obligations on vested restricted stock, in three Form 4 code F transactions at $40.40 per share. No open-market purchases or sales were reported. Indirect holdings include 5,439 common shares in a 401(k) plan, 19,499 common shares held by a spouse, and 8,000 shares of Series A preferred stock held directly.
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Insights
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Insider Trade Summary
Tax Withholding: 45,945 shares
Tax Withholding
6 txns
Insider
Lubow Stuart H
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 18,378 | $40.40 | $742K |
| Tax Withholding | Common Stock F1 | 18,378 | $40.40 | $742K |
| Tax Withholding | Common Stock F1 | 9,189 | $40.40 | $371K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Preferred Stock, Series A | -- | -- | -- |
Holdings After Transaction:
Common Stock — 163,504 shares (Direct);
Common Stock — 5,439 shares (Indirect, 401(k));
Common Stock — 19,499 shares (Indirect, Spouse);
Preferred Stock, Series A — 8,000 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 withheld for taxes: 45,945 shares
Tax withholding reference price: $40.40 per share
Indirect 401(k) common shares: 5,439 shares
+2 more
5 metrics
Shares withheld for taxes
45,945 shares
Common stock withheld on September 2, 2026 for tax obligations on vested restricted stock
Tax withholding reference price
$40.40 per share
Per-share value used in the September 2, 2026 code F transactions
Indirect 401(k) common shares
5,439 shares
Indirect ownership through a 401(k) plan as of September 2, 2026
Spouse-held common shares
19,499 shares
Indirect ownership reported as held by spouse as of September 2, 2026
Series A preferred shares
8,000 shares
Preferred Stock, Series A held directly as a reported holding on September 2, 2026
Key Terms
restricted stock, tax obligations, 401(k), Preferred Stock, Series A, +1 more
5 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.
tax obligations financial
"withholding of shares to satisfy tax obligations on shares of restricted stock"
401(k) financial
"Common Stock held indirectly through a 401(k) plan"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Preferred Stock, Series A financial
"holding entry for Preferred Stock, Series A with 8,000.0000 shares"
Form 4 regulatory
"This insider ownership change is reported on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
Were the DCBG CEO’s reported transactions open-market sales or part of a trading plan?
The reported transactions were code F tax-withholding dispositions, meaning shares were delivered or withheld to pay tax liabilities on vested restricted stock. The filing’s Rule 10b5‑1 checkbox is not marked, and no trading plan is referenced in the footnotes.
What indirect common stock holdings of DCBG does the CEO report after these transactions?
Indirectly, the CEO reports 5,439 common shares held through a 401(k) plan and 19,499 common shares held by a spouse, as of the September 2, 2026 holding entries. These positions are reported as indirect ownership interests.
Does the DCBG CEO hold any preferred stock according to this Form 4?
Yes. The filing reports 8,000 shares of Preferred Stock, Series A of Dime Commercial Bancshares held directly by the CEO as of September 2, 2026, listed in a holding entry without any related transaction on that date.
What does the Form 4 footnote say about the DCBG CEO’s tax-withholding transactions?
The footnote states that the reported amounts reflect the withholding of shares to satisfy tax obligations on shares of restricted stock that vested on September 2, 2026, clarifying that the code F entries are for tax payment rather than discretionary market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
