NorthEast Community Bancorp (NECB) director sells 3,566 shares, retains options
Rhea-AI Filing Summary
NorthEast Community Bancorp director Charles Michael Cirillo reported an open-market sale of 3,566 shares of Common Stock at $22.94 per share on March 12, 2026. After this transaction, he holds 5,805 shares directly, plus additional indirect holdings through an IRA and stock awards.
He also retains stock options covering 28,961 shares of Common Stock at an exercise price of $12.40 per share, expiring on September 30, 2032. These options and stock awards vest in approximately equal annual installments beginning September 30, 2023, under the company’s 2022 Equity Incentive Plan.
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Insights
Director executes modest share sale while retaining sizable options and indirect holdings.
Director Charles Michael Cirillo sold 3,566 shares of NorthEast Community Bancorp Common Stock at $22.94 per share in an open-market transaction. Following the sale, he still owns 5,805 shares directly, along with indirect positions held via an IRA and stock awards.
He also maintains stock options over 28,961 shares at an exercise price of
FAQ
What insider transaction did NECB director Charles Michael Cirillo report?
Director Charles Michael Cirillo reported an open-market sale of 3,566 shares of NorthEast Community Bancorp Common Stock at $22.94 per share. The transaction occurred on March 12, 2026, and was categorized as a non-derivative sale.
How many NECB shares does Charles Michael Cirillo hold after the reported sale?
After the sale, Charles Michael Cirillo directly holds 5,805 shares of NorthEast Community Bancorp Common Stock. He also has indirect holdings through an IRA with 10,000 shares and stock awards totaling 5,792 shares, in addition to option positions.
What stock option position does Charles Michael Cirillo retain in NECB?
Cirillo retains stock options over 28,961 shares of NorthEast Community Bancorp Common Stock at an exercise price of $12.40 per share. These options expire on September 30, 2032 and vest in approximately equal annual installments beginning September 30, 2023.
Are Charles Michael Cirillo’s NECB holdings only direct shares?
No. In addition to 5,805 directly held shares, Cirillo has indirect ownership. His IRA holds 10,000 shares, and he holds 5,792 shares via stock awards. These positions complement his remaining stock options granted under the 2022 Equity Incentive Plan.
How are NECB stock awards and options for Charles Michael Cirillo structured?
Stock awards and options were granted under the 2022 Equity Incentive Plan. Both vest in five roughly equal annual installments starting on September 30, 2023, aligning his compensation with multi-year performance and providing a staggered schedule for equity becoming fully vested.