NB Bancorp director covers taxes with share transfer
NB Bancorp, Inc. director Joseph R. Nolan Jr. reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
NB Bancorp, Inc. director Joseph R. Nolan Jr. reported a tax-related share disposition. On April 24, 2026, he transferred 4,918 shares of common stock at $19.82 per share to cover tax obligations by delivering shares, rather than selling them on the open market.
After this tax-withholding disposition, he directly holds 82,821 shares of NB Bancorp common stock. These holdings include restricted stock that is scheduled to vest 20% per year starting on April 24, 2026, and additional restricted shares that vest 100% on January 2, 2027.
Insider Trade Summary
Exercise Price or Tax Liability: 4,918 shares
Exercise Price or Tax Liability
1 txn
Insider
NOLAN JOSEPH R JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,918 | $19.82 | $97K |
Holdings After Transaction:
Common Stock — 82,821 shares (Direct)
Footnotes (2)
- 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.
Key Figures
Tax-withholding shares: 4,918 shares
Price per share: $19.82 per share
Shares held after transaction: 82,821 shares
+2 more
5 metrics
Tax-withholding shares
4,918 shares
Common stock delivered for tax liability on April 24, 2026
Price per share
$19.82 per share
Value used for tax-withholding disposition
Shares held after transaction
82,821 shares
Direct NB Bancorp common stock holdings following disposition
Restricted stock vesting start
20% per year
Restricted shares vesting rate starting April 24, 2026
Cliff vesting date
January 2, 2027
Restricted stock vesting 100% on this date
Key Terms
tax-withholding disposition, restricted stock, vest 100%, Common Stock, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
vest 100% financial
"Includes shares of restricted stock which vest 100% on January 2, 2027"
Common Stock financial
"security_title: Common Stock"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NB Bancorp (NBBK) report for Joseph R. Nolan Jr.?
NB Bancorp director Joseph R. Nolan Jr. reported a tax-withholding disposition of 4,918 common shares. The shares were delivered at $19.82 per share to satisfy tax obligations, rather than sold in an open-market transaction, and he retained a substantial remaining stake.
What does a tax-withholding disposition mean in the NB Bancorp (NBBK) Form 4?
A tax-withholding disposition means shares are delivered back to the company to cover tax liabilities on equity awards. For NB Bancorp, 4,918 shares were transferred at $19.82 per share, so this event reflects tax payment mechanics rather than an open-market share sale.
On what date did the reported NB Bancorp (NBBK) insider transaction occur?
The reported transaction occurred on April 24, 2026. On that date, 4,918 NB Bancorp common shares were used to satisfy tax obligations. This timing also aligns with restricted stock that begins vesting 20% per year starting on the same April 24, 2026.
How do NB Bancorp (NBBK) restricted stock awards for Joseph R. Nolan Jr. vest?
Some of Joseph R. Nolan Jr.’s NB Bancorp restricted shares vest 20% per year starting on April 24, 2026. Additional restricted stock vests 100% on January 2, 2027, creating a schedule of future equity becoming fully owned over those dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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