STOCK TITAN

[8-K] NB Bancorp, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

On 07/21/2025, HCI Group (HCI) director Gregory Politis filed a Form 4 disclosing the grant of 750 restricted common shares under the company’s 2012 Omnibus Incentive Plan. The shares carry no purchase cost and will vest on 05/22/2026.

After the award, Politis reports beneficial ownership of 213,132 directly-held shares, 200,000 shares held jointly with his spouse, and the new 750 restricted shares, totalling roughly 413,882 shares. The incremental award is less than 0.2 % of his existing stake, signalling ongoing alignment but limited economic impact. No sales were reported.

Il 21/07/2025, il direttore di HCI Group (HCI), Gregory Politis, ha presentato un Modulo 4 per comunicare la concessione di 750 azioni ordinarie vincolate nell'ambito del Piano Incentivi Omnibus 2012 della società. Le azioni non prevedono alcun costo di acquisto e matureranno il 22/05/2026.

Dopo l'assegnazione, Politis dichiara una titolarità effettiva di 213.132 azioni detenute direttamente, 200.000 azioni detenute congiuntamente con la moglie e le nuove 750 azioni vincolate, per un totale di circa 413.882 azioni. L'incremento rappresenta meno dello 0,2% della sua partecipazione attuale, indicando un allineamento continuo ma con un impatto economico limitato. Non sono state segnalate vendite.

El 21/07/2025, el director de HCI Group (HCI), Gregory Politis, presentó un Formulario 4 divulgando la concesión de 750 acciones comunes restringidas bajo el Plan de Incentivos Omnibus 2012 de la empresa. Las acciones no tienen costo de compra y se consolidarán el 22/05/2026.

Tras la adjudicación, Politis reporta la propiedad beneficiosa de 213,132 acciones en propiedad directa, 200,000 acciones en copropiedad con su esposa y las nuevas 750 acciones restringidas, sumando aproximadamente 413,882 acciones. La adjudicación incremental representa menos del 0,2 % de su participación actual, señalando una alineación continua pero con un impacto económico limitado. No se reportaron ventas.

2025년 7월 21일, HCI 그룹(HCI) 이사 Gregory Politis가 회사의 2012년 옴니버스 인센티브 플랜에 따라 750주의 제한된 보통주 부여를 공개하는 Form 4를 제출했습니다. 해당 주식은 구매 비용이 없으며 2026년 5월 22일에 완전히 귀속됩니다.

수여 후 Politis는 직접 보유한 213,132주, 배우자와 공동 보유한 200,000주, 그리고 새로 부여된 750주의 제한 주식를 포함해 총 약 413,882주의 실질 소유를 보고했습니다. 이번 추가 수여는 기존 지분의 0.2% 미만으로, 지속적인 정렬을 나타내지만 경제적 영향은 제한적입니다. 매도는 보고되지 않았습니다.

Le 21/07/2025, Gregory Politis, directeur du groupe HCI (HCI), a déposé un formulaire 4 révélant l'octroi de 750 actions ordinaires restreintes dans le cadre du Plan d'Incitation Omnibus 2012 de la société. Ces actions sont attribuées sans coût d'achat et devront être acquises le 22/05/2026.

Après cette attribution, Politis déclare détenir 213 132 actions détenues directement, 200 000 actions détenues conjointement avec son épouse, ainsi que les 750 nouvelles actions restreintes, pour un total d'environ 413 882 actions. Cette attribution supplémentaire représente moins de 0,2 % de sa participation actuelle, témoignant d'un alignement continu mais d'un impact économique limité. Aucune vente n'a été signalée.

Am 21.07.2025 reichte Gregory Politis, Direktor der HCI Group (HCI), ein Formular 4 ein, in dem die Gewährung von 750 eingeschränkten Stammaktien im Rahmen des Omnibus-Incentive-Plans 2012 des Unternehmens offengelegt wurde. Die Aktien sind kostenfrei und werden am 22.05.2026 unverfallbar.

Nach der Zuteilung meldet Politis den wirtschaftlichen Besitz von 213.132 direkt gehaltenen Aktien, 200.000 Aktien, die er gemeinsam mit seiner Ehefrau hält, und den neuen 750 eingeschränkten Aktien, insgesamt etwa 413.882 Aktien. Die zusätzliche Zuteilung entspricht weniger als 0,2 % seines bestehenden Anteils, was auf eine fortlaufende Ausrichtung bei begrenzter wirtschaftlicher Auswirkung hinweist. Keine Verkäufe wurden gemeldet.

Positive
  • Director acquired additional equity, reinforcing insider–shareholder alignment through a time-based restricted stock award.
Negative
  • None.

Insights

TL;DR: Small insider award; signal positive but immaterial to valuation.

The 750-share restricted stock grant to Director Politis marginally increases insider ownership, reinforcing governance alignment. However, compared with his 400k+ share position and HCI’s 10 MM+ shares outstanding, the award is economically negligible. It neither changes float nor suggests a directional view on near-term fundamentals, so I view the filing as neutral for the stock.

TL;DR: Routine equity compensation; supports alignment, no governance red flags.

The grant was made under the long-standing 2012 Omnibus Incentive Plan, follows standard vesting (≈10 months), and was properly reported within two days. Transparency and timing meet Section 16 requirements. Because the award size is small and there are no accompanying sales, governance implications are benign. Impact on shareholder rights or control is non-material.

Il 21/07/2025, il direttore di HCI Group (HCI), Gregory Politis, ha presentato un Modulo 4 per comunicare la concessione di 750 azioni ordinarie vincolate nell'ambito del Piano Incentivi Omnibus 2012 della società. Le azioni non prevedono alcun costo di acquisto e matureranno il 22/05/2026.

Dopo l'assegnazione, Politis dichiara una titolarità effettiva di 213.132 azioni detenute direttamente, 200.000 azioni detenute congiuntamente con la moglie e le nuove 750 azioni vincolate, per un totale di circa 413.882 azioni. L'incremento rappresenta meno dello 0,2% della sua partecipazione attuale, indicando un allineamento continuo ma con un impatto economico limitato. Non sono state segnalate vendite.

El 21/07/2025, el director de HCI Group (HCI), Gregory Politis, presentó un Formulario 4 divulgando la concesión de 750 acciones comunes restringidas bajo el Plan de Incentivos Omnibus 2012 de la empresa. Las acciones no tienen costo de compra y se consolidarán el 22/05/2026.

Tras la adjudicación, Politis reporta la propiedad beneficiosa de 213,132 acciones en propiedad directa, 200,000 acciones en copropiedad con su esposa y las nuevas 750 acciones restringidas, sumando aproximadamente 413,882 acciones. La adjudicación incremental representa menos del 0,2 % de su participación actual, señalando una alineación continua pero con un impacto económico limitado. No se reportaron ventas.

2025년 7월 21일, HCI 그룹(HCI) 이사 Gregory Politis가 회사의 2012년 옴니버스 인센티브 플랜에 따라 750주의 제한된 보통주 부여를 공개하는 Form 4를 제출했습니다. 해당 주식은 구매 비용이 없으며 2026년 5월 22일에 완전히 귀속됩니다.

수여 후 Politis는 직접 보유한 213,132주, 배우자와 공동 보유한 200,000주, 그리고 새로 부여된 750주의 제한 주식를 포함해 총 약 413,882주의 실질 소유를 보고했습니다. 이번 추가 수여는 기존 지분의 0.2% 미만으로, 지속적인 정렬을 나타내지만 경제적 영향은 제한적입니다. 매도는 보고되지 않았습니다.

Le 21/07/2025, Gregory Politis, directeur du groupe HCI (HCI), a déposé un formulaire 4 révélant l'octroi de 750 actions ordinaires restreintes dans le cadre du Plan d'Incitation Omnibus 2012 de la société. Ces actions sont attribuées sans coût d'achat et devront être acquises le 22/05/2026.

Après cette attribution, Politis déclare détenir 213 132 actions détenues directement, 200 000 actions détenues conjointement avec son épouse, ainsi que les 750 nouvelles actions restreintes, pour un total d'environ 413 882 actions. Cette attribution supplémentaire représente moins de 0,2 % de sa participation actuelle, témoignant d'un alignement continu mais d'un impact économique limité. Aucune vente n'a été signalée.

Am 21.07.2025 reichte Gregory Politis, Direktor der HCI Group (HCI), ein Formular 4 ein, in dem die Gewährung von 750 eingeschränkten Stammaktien im Rahmen des Omnibus-Incentive-Plans 2012 des Unternehmens offengelegt wurde. Die Aktien sind kostenfrei und werden am 22.05.2026 unverfallbar.

Nach der Zuteilung meldet Politis den wirtschaftlichen Besitz von 213.132 direkt gehaltenen Aktien, 200.000 Aktien, die er gemeinsam mit seiner Ehefrau hält, und den neuen 750 eingeschränkten Aktien, insgesamt etwa 413.882 Aktien. Die zusätzliche Zuteilung entspricht weniger als 0,2 % seines bestehenden Anteils, was auf eine fortlaufende Ausrichtung bei begrenzter wirtschaftlicher Auswirkung hinweist. Keine Verkäufe wurden gemeldet.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 23, 2025

NB BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-41899

    

93-2560883

(State or Other Jurisdiction)

(Commission File No.)

(I.R.S. Employer

of Incorporation)

Identification No.)

1063 Great Plain Avenue, Needham, Massachusetts

02492

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (781) 444-2100

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

    

Trading
Symbol(s)

    

Name of each exchange on which registered

Common Stock, Par Value $0.01 Per Share

NBBK

The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 2.02

Results of Operation and Financial Condition.

On July 23, 2025, NB Bancorp, Inc., the holding company for Needham Bank, issued a press release in which it announced its earnings for the quarter ended June 30, 2025.

A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 8.01

Other Events.

On July 23, 2025, the Board of Directors of NB Bancorp, Inc. declared a dividend of $0.07 per share. The dividend will be paid August 20, 2025 to stockholders of record as of August 6, 2025.

A copy of the press release announcing the declaration of the dividend is attached to this Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated by reference.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.

    

Description

99.1

Press Release dated July 23, 2025

104.1

Cover Page Interactive Data File (Embedded within Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

NB BANCORP, INC.

DATE: July 23, 2025

By: 

/s/Jean-Pierre Lapointe

Executive Vice President and Chief Financial Officer

FAQ

What did HCI director Gregory Politis acquire?

He received 750 restricted common shares on 07/21/2025 under the 2012 Omnibus Incentive Plan.

When will the restricted HCI shares vest?

The shares are scheduled to vest on 05/22/2026.

How many HCI shares does Politis now own?

Post-transaction he reports approximately 413,882 shares (213,132 direct, 200,000 joint, 750 new restricted).

Was there any sale of HCI shares in this filing?

No. The Form 4 records only an acquisition; no dispositions were reported.

Is the transaction size material to HCI’s share count?

No. 750 shares is an immaterial amount relative to HCI’s public float.
NB Bancorp

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