NB Bancorp director corrects Form 4 holdings
NB Bancorp, Inc. director Joseph R. Nolan Jr. filed an amended Form 4 to correct a previously reported disposition of common stock that the footnotes state did not occur.
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Form Type
4/A
Rhea-AI Filing Summary
NB Bancorp, Inc. director Joseph R. Nolan Jr. filed an amended Form 4 to correct a previously reported disposition of common stock that the footnotes state did not occur. The amendment shows he directly holds 87,739 shares of common stock.
This holding includes restricted stock that vests at a rate of 20% per year commencing on April 24, 2026, and additional restricted shares that vest 100% on January 2, 2027. The filing updates his beneficial ownership without recording a new purchase or sale.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NOLAN JOSEPH R JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,739 shares (Direct)
Footnotes (3)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on April 24, 2026.
- F2. Includes shares of restricted stock which vest 100% on January 2, 2027.
- 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
Shares held after amendment: 87,739 shares
Restricted stock annual vesting rate: 20% per year
Annual vesting start date: April 24, 2026
+2 more
5 metrics
Shares held after amendment
87,739 shares
Common stock directly held following corrected Form 4
Restricted stock annual vesting rate
20% per year
Restricted stock vesting commencing April 24, 2026
Annual vesting start date
April 24, 2026
Start of 20% per year restricted stock vesting
Cliff vesting percentage
100%
Restricted stock vesting in full on January 2, 2027
Cliff vesting date
January 2, 2027
Date when certain restricted shares fully vest
Key Terms
restricted stock, beneficially owned, Form 4, disposition, +1 more
5 terms
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
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"
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 financial
"On April 27, 2026, a Form 4 was mistakenly filed reporting a disposition"
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.
disposition financial
"reporting a disposition of shares of common stock that did not in fact occur"
common stock financial
"reporting a disposition of shares of common stock that did not in fact occur"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does NB Bancorp (NBBK) director Joseph R. Nolan Jr.'s amended Form 4 report?
The amended Form 4 updates Joseph R. Nolan Jr.’s reported holdings to 87,739 NB Bancorp common shares. It corrects a previously reported disposition that the filing states did not occur, aligning his beneficial ownership records with his actual position.
What restricted stock vesting schedule is disclosed for NB Bancorp (NBBK) director Nolan?
The filing notes restricted stock that vests 20% per year starting April 24, 2026. It also includes awards that vest 100% on January 2, 2027, outlining when portions of his equity compensation become fully owned.
Why was NB Bancorp (NBBK) director Nolan’s original Form 4 corrected?
The amendment explains that a prior Form 4 filed on April 27, 2026 mistakenly reported a share disposition. That transaction did not actually occur, so this Form 4/A corrects the reported change in securities beneficially owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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