Northfield Bancorp (NASDAQ: NFBK) approves 172,272 restricted stock units
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Northfield Bancorp, Inc. reported that on February 4, 2026 its Compensation Committee approved, and the Board ratified, equity awards totaling 172,272 restricted stock units for directors and employees under the 2019 Equity Incentive Plan.
Employee time-based awards vest in three equal annual installments starting one year after the February 4, 2026 grant date, while director time-based awards vest fully on or after February 4, 2027. The Board also approved the Company’s 2026 Management Cash Incentive Plan, which is filed as an exhibit for reference.
Positive
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What equity awards did Northfield Bancorp (NFBK) approve on February 4, 2026?
Northfield Bancorp approved a total of 172,272 restricted stock units for directors and employees. These awards were granted under the company’s 2019 Equity Incentive Plan and are documented through award agreement forms attached as exhibits to the current report.
How do the Northfield Bancorp (NFBK) employee restricted stock units vest?
Employee time-based restricted stock unit awards vest in three equal annual installments. Vesting begins one year from the grant date of February 4, 2026, meaning employees receive one-third of the units each year over a three-year period, subject to the plan’s terms.
When do director restricted stock units at Northfield Bancorp (NFBK) vest?
Time-based restricted stock unit awards granted to directors vest fully on or after February 4, 2027. This provides a single vesting date approximately one year after the February 4, 2026 grant date, aligning director awards with longer-term service and retention incentives.
What is Northfield Bancorp’s (NFBK) 2026 Management Cash Incentive Plan?
The 2026 Management Cash Incentive Plan is a cash-based incentive program approved by Northfield Bancorp’s Board of Directors on February 4, 2026. The full plan document is included as Exhibit 10.1, providing detailed terms governing management cash incentive opportunities for 2026.
Under which plan were the new restricted stock units at Northfield Bancorp (NFBK) granted?
The 172,272 restricted stock units were granted under Northfield Bancorp’s 2019 Equity Incentive Plan. The awards are implemented through time-based, cash-settled restricted stock unit agreement forms for executive vice presidents, employees, and directors, which are filed as Exhibits 10.2 and 10.3.