NB Bancorp (NBBK) director corrects mistakenly reported share sale
Rhea-AI Filing Summary
NB Bancorp, Inc. director Kenneth C. Montgomery filed an amended Form 4 to update his holdings of common stock. The filing shows he beneficially owns 85,140 shares directly after correcting a previously reported change. A prior Form 4 filed on April 27, 2026 had mistakenly reported a disposition of common shares that did not actually occur, and this amendment reverses that error.
The holding includes restricted stock that vests 100% on January 2, 2027, as well as additional restricted shares that vest at a rate of 20% per year starting April 24, 2026. The amendment does not report any new purchase or sale, but clarifies his current equity position and the scheduled vesting of his awards.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Montgomery Kenneth C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 85,140 shares (Direct)
Footnotes (3)
- F1. Shares of restricted stock vest 100% on January 2, 2027.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on April 24, 2026.
- F3. On April 27, 2026, a Form 4 was mistakenly filed reporting a disposition of shares of common stock that did not in fact occur. The change in the securities beneficially owned has been corrected accordingly in this amended Form 4.
Key Figures
Common shares owned: 85,140 shares
Restricted stock full vest date: January 2, 2027
Annual vesting rate: 20% per year
+1 more
4 metrics
Common shares owned
85,140 shares
Direct beneficial ownership after correction
Restricted stock full vest date
January 2, 2027
One grant vests 100% on this date
Annual vesting rate
20% per year
Restricted stock vesting commencing April 24, 2026
Unknown transaction entries
1 entry
Classified as holding with unknown code
Key Terms
restricted stock, beneficially owned, Form 4
3 terms
restricted stock financial
"Shares of restricted stock vest 100% on January 2, 2027."
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.
beneficially owned financial
"The change in the securities beneficially owned has been corrected accordingly in this amended Form 4."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4 regulatory
"On April 27, 2026, a Form 4 was mistakenly filed reporting a disposition of shares of common stock that did not in fact occur."
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
What does Kenneth C. Montgomery’s amended Form 4 for NB Bancorp (NBBK) report?
The amended Form 4 updates Kenneth C. Montgomery’s direct holdings to 85,140 NB Bancorp common shares. It corrects a prior Form 4 that mistakenly showed a share disposition which, according to the filing, did not actually occur.
What restricted stock grants for NB Bancorp (NBBK) are disclosed in this Form 4/A?
The filing notes restricted stock that vests 100% on January 2, 2027. It also states that additional restricted shares vest at a rate of 20% per year, beginning on April 24, 2026, reflecting time-based equity compensation.
Why was the previous NB Bancorp (NBBK) Form 4 filing by Montgomery incorrect?
The footnotes explain that a Form 4 filed on April 27, 2026 mistakenly reported a disposition of NB Bancorp common stock. That disposition did not occur, and this amended Form 4 corrects the reported beneficial ownership.
Does the amended Form 4 for NB Bancorp (NBBK) change Montgomery’s derivative positions?
The insider data for this amended Form 4 shows no derivative securities transactions and an empty derivative position summary. The update focuses solely on correcting reported common stock ownership and restricted stock vesting details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
