NB Bancorp (NBBK) director awarded 5,403 restricted shares for $0 cost
Rhea-AI Filing Summary
NB Bancorp, Inc. director Francis Orfanello reported a grant of 5,403 shares of common stock on January 2, 2026, at a price of $0 per share. After this award, he directly beneficially owned 135,640 common shares and indirectly held an additional 7,500 shares through a retirement plan. The 5,403-share grant consists of restricted stock that vests 100% on January 2, 2027. His existing holdings include restricted shares that vest at a rate of 20% per year starting April 24, 2026.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did NB Bancorp (NBBK) report for Francis Orfanello?
NB Bancorp reported that director Francis Orfanello received a grant of 5,403 shares of common stock on January 2, 2026, at a price of $0 per share.
How many NB Bancorp (NBBK) shares does Francis Orfanello own after this Form 4?
Following the reported transaction, Francis Orfanello beneficially owned 135,640 common shares directly and 7,500 common shares indirectly through a retirement plan.
Are the 5,403 NB Bancorp (NBBK) shares granted to Francis Orfanello restricted stock?
Yes. The filing states that the 5,403 shares are restricted stock that vests 100% on January 2, 2027.
What are the vesting terms of Francis Orfanello’s other restricted NB Bancorp (NBBK) shares?
The filing notes that his holdings include restricted shares that vest at a rate of 20% per year, commencing on April 24, 2026.
How are Francis Orfanello’s indirect NB Bancorp (NBBK) holdings structured?
The Form 4 shows 7,500 common shares held indirectly with the nature of ownership described as "By Retirement Plan".
What is Francis Orfanello’s role at NB Bancorp (NBBK)?
According to the filing, Francis Orfanello is a director of NB Bancorp, Inc. and is not listed as an officer or 10% owner.