First Seacoast: Tremblay shares convert at $17.25
Under the merger agreement, common shares carried $17.25 cash consideration, while options converted to cash consideration less their exercise prices.
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Rhea-AI Filing Summary
First Seacoast Bancorp, Inc. SVP and Sr. RLO Jean Tremblay reported dispositions to the issuer on October 1, 2026, in connection with the merger. The common-stock positions were 12,104 directly held shares, 4,161 held through a 401(k), and 2,597 held through an ESOP; each converted into a right to receive $17.25 cash consideration per share, with zero shares remaining in each position. Stock options covering 15,000 and 15,500 shares converted into rights to receive $17.25 cash consideration less exercise prices of $8.06 and $9.29, respectively.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options F3 | 15,000 | -- | -- |
| Disposition | Stock Options F3 | 15,500 | -- | -- |
| Disposition | Common Stock F1 | 12,104 | -- | -- |
| Disposition | Common Stock F2, F1 | 4,161 | -- | -- |
| Disposition | Common Stock F2, F1 | 2,597 | -- | -- |
Footnotes (3)
- 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. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F3. 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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How did the FSEA merger treat Jean Tremblay's stock options?
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