First Seacoast director Jean disposes of 5,146 shares
The merger terms set cash consideration at $17.25 for each outstanding common share and at $17.25 less the exercise price for each stock option.
Sentiment and the balance of points
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Rhea-AI Filing Summary
First Seacoast Bancorp, Inc. director Thomas J. Jean disposed of 5,146 common shares to the issuer on October 1, 2026; his reported direct holdings afterward were zero shares. Under the merger agreement, each common share converted into a right to receive $17.25 in cash. Jean also disposed of options covering 9,343 shares at an $8.06 exercise price and 10,250 shares at a $9.29 exercise price; each option converted into a right to receive $17.25 less its exercise price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options F2 | 9,343 | -- | -- |
| Disposition | Stock Options F2 | 10,250 | -- | -- |
| Disposition | Common Stock F1 | 5,146 | -- | -- |
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger, dated May 4, 2026, by and among the Issuer, First Seacoast Bank, Cambridge Financial Group Inc. and Cambridge Savings Bank (the "Merger Agreement"), each issued and outstanding share of Issuer common stock was converted into the right to receive $17.25 cash consideration.
- F2. Pursuant to the Merger Agreement, each stock option was converted into the right to receive $17.25 cash consideration less the exercise price of such option.
Key Figures
Key Terms
Agreement and Plan of Merger financial
cash consideration financial
exercise price financial
FAQ
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What did FSEA director Thomas J. Jean report on October 1, 2026?
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