Executive Matthew Richardson awarded 13,749 NB Bancorp (NBBK) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Richardson Matthew reported acquisition or exercise transactions in this Form 4 filing.
NB Bancorp, Inc. executive Matthew Richardson reported an award of common stock under the company’s equity compensation program. He received 13,749 shares of restricted common stock at a price of $0.00 per share, increasing his directly held common stock to 13,749 shares.
The restricted shares vest in stages, with 33 1/3% of the award vesting each year starting on February 25, 2027. This means the grant is intended as long‑term incentive compensation that fully vests over three years if service-based conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richardson Matthew
Role
EVP, Treasury & Cash Mgmt Svcs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,749 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,749 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NB Bancorp (NBBK) report for Matthew Richardson?
NB Bancorp reported that executive Matthew Richardson received a grant of 13,749 shares of restricted common stock at $0.00 per share. This equity award increased his directly held common stock position to 13,749 shares, reflecting stock-based compensation rather than an open-market purchase.
Was the NB Bancorp (NBBK) insider transaction a stock purchase or an award?
The NB Bancorp transaction for Matthew Richardson was a stock award, not a purchase. He acquired 13,749 shares of restricted common stock at $0.00 per share as compensation, classified as a grant or award acquisition rather than an open-market buy.
What is the vesting schedule for Matthew Richardson’s NB Bancorp (NBBK) restricted stock?
Richardson’s restricted NB Bancorp shares vest at 33 1/3% per year beginning February 25, 2027. This three-year graded vesting structure means one-third of the 13,749-share award vests annually, subject to the service-based conditions described in the footnote.
What does the $0.00 price mean in the NB Bancorp (NBBK) Form 4 transaction?
The $0.00 price indicates this was a compensatory grant, not a cash purchase. Matthew Richardson received 13,749 restricted shares of NB Bancorp common stock as an equity award, so no cash changed hands in the reported transaction.