NorthEast Bancorp director exercises 3,000 options
NorthEast Community Bancorp director John F. McKenzie exercised stock options for 3,000 shares of NECB common stock.
Rhea-AI Filing Summary
NorthEast Community Bancorp director John F. McKenzie exercised stock options for 3,000 shares of NECB common stock. The options, granted under the company’s 2022 Equity Incentive Plan, converted into 3,000 common shares at a price of $12.40 per share.
After these transactions, he directly owns 19,249 common shares and also has indirect ownership of 9,700 shares through a SEP-IRA, 3,900 shares held by his spouse, and 5,792 shares from a stock award that vests in five equal annual installments beginning September 30, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,000 | $12.40 | $37K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NECB director John F. McKenzie report on this Form 4?
At what price were the NECB stock options exercised by director John F. McKenzie?
How do NECB stock awards to John F. McKenzie vest under the 2022 Equity Incentive Plan?
How do NECB stock options granted to John F. McKenzie vest over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.