NorthEast Community Bancorp director transfers 13,154 shares
Magier Eugene M reported disposition transactions in this Form 4 filing.
Rhea-AI Filing Summary
Magier Eugene M reported disposition transactions in this Form 4 filing.
NorthEast Community Bancorp director Eugene M. Magier reported a restructuring of his holdings. On July 15, 2026 he transferred 13,154 common shares to his ex-spouse under a court approved separation agreement and will no longer report any securities she owns as beneficially owned. He still reports 5,792 stock awards and stock options for 28,961 shares at $12.40, expiring September 30, 2032, with stock awards vesting in five equal annual installments and options in five approximately equal annual installments, each commencing September 30, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 13,154 shares
Other
4 txns
Insider
Magier Eugene M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 9,608 | $0.00 | $0.00 |
| Other | Common Stock F1 | 3,546 | $0.00 | $0.00 |
| holding | Stock Option (right to buy) F4 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,154 shares (Direct);
Common Stock — 0 shares (Indirect, By Spouse);
Stock Option (right to buy) — 28,961 contracts (Direct);
Common Stock — 5,792 shares (Indirect, By Stock Award)
Footnotes (4)
- F1. The reporting person transferred 13,154 shares of NorthEast Community Bancorp, Inc. common stock to his ex-spouse pursuant to a court approved separation agreement. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
- F2. This form accounts for a decrease of 1 share from the prior report due to the rounding down of fractional shares.
- F3. Stock Awards granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments commencing on September 30, 2023.
- F4. Stock Options granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 30, 2023.
Key Figures
Shares transferred to ex-spouse: 13,154 shares
Indirect spouse-held shares disposed: 3,546 shares
Direct shares disposed: 9,608 shares
+4 more
7 metrics
Shares transferred to ex-spouse
13,154 shares
Common stock transferred pursuant to a court approved separation agreement
Indirect spouse-held shares disposed
3,546 shares
Indirect common stock position "By Spouse" transferred and no longer reported as beneficially owned
Direct shares disposed
9,608 shares
Directly held common stock included in the 13,154-share transfer to ex-spouse
Stock awards held
5,792 shares
Stock Awards under the 2022 Equity Incentive Plan, vesting over five annual installments
Underlying option shares
28,961 shares
Stock Option (right to buy) covering NECB common stock
Option exercise price
$12.40 per share
Exercise price for stock options expiring September 30, 2032
Option expiration date
2032-09-30
Expiration date of reported stock options on NECB common stock
Key Terms
beneficially owned, Stock Option (right to buy, 2022 Equity Incentive Plan, court approved separation agreement, +1 more
5 terms
beneficially owned financial
"The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse"
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.
Stock Option (right to buy financial
"Stock Option (right to buy) with an exercise price of 12.4000 and expiration date 2032-09-30"
2022 Equity Incentive Plan financial
"granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments"
court approved separation agreement regulatory
"transferred 13,154 shares ... to his ex-spouse pursuant to a court approved separation agreement"
vest in five equal annual installments financial
"Stock Awards ... vest in five equal annual installments commencing on September 30, 2023"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NorthEast Community Bancorp (NECB) director Eugene M. Magier report in this Form 4?
Eugene M. Magier reported transferring 13,154 NECB common shares to his ex-spouse under a court approved separation agreement. The filing also updates his remaining stock awards and stock option holdings granted under NorthEast Community Bancorp’s 2022 Equity Incentive Plan.
What NECB stock option position does Magier report on this Form 4?
Magier reports stock options covering 28,961 shares of NECB common stock with an exercise price of $12.40 per share, expiring on September 30, 2032. These options vest in five approximately equal annual installments beginning September 30, 2023.
What stock awards from NECB’s 2022 Equity Incentive Plan does Magier hold?
Magier reports 5,792 stock awards granted under the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan. A footnote explains these stock awards vest in five equal annual installments, with vesting commencing on September 30, 2023.
Were Magier’s NECB transactions reported as made under a Rule 10b5-1 trading plan?
The Form 4 indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox is not marked as being made under such a pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
