Director Louis Grassi receives 4,800-share equity grant at Flushing Financial (FFIC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flushing Financial Corp director Louis C. Grassi received an equity award of 4,800 shares of common stock on January 30, 2026. The award is a grant of restricted stock units that will be paid in common stock when they vest one year from the grant date.
After this grant, Grassi beneficially owns 123,221 shares of Flushing Financial common stock in direct form, reflecting his ongoing equity-based compensation as a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRASSI LOUIS C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,800 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 123,221 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did FFIC director Louis C. Grassi report in this Form 4 filing?
Louis C. Grassi reported receiving 4,800 shares of Flushing Financial common stock as an equity award. These are granted as restricted stock units that convert into common shares after vesting, increasing his directly held beneficial ownership to 123,221 shares.
When do Louis C. Grassi’s newly granted FFIC restricted stock units vest?
The restricted stock units granted to Louis C. Grassi vest one year from the January 30, 2026 grant date. Upon vesting, they are payable in Flushing Financial common stock, turning the units into actual shares he beneficially owns directly.
Was there a purchase price for Louis C. Grassi’s new FFIC restricted stock units?
The Form 4 shows a transaction price per share of 0.0000 for the 4,800-share grant. This indicates the restricted stock units were issued as compensation rather than purchased in the market, consistent with typical director equity award programs.
What type of transaction code is used for Louis C. Grassi’s FFIC equity award?
The transaction is reported with code “A,” which denotes an acquisition of securities. In this case, it reflects an award of 4,800 restricted stock units in Flushing Financial common stock granted as part of compensation rather than an open-market purchase.