Executive at Northfield Bancorp (NFBK) awarded 15,066 cash-settled RSUs
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Northfield Bancorp, Inc. reported a new equity-based award to an executive vice president. On 02/04/2026, the executive received 15,066 restricted stock units, each representing a contingent right to receive cash equal to the value of one share of Northfield common stock on the vesting date.
The restricted stock units vest in three equal annual installments beginning one year after the grant date. Following this award, the executive also reports beneficial ownership of 49,924 common shares held directly, plus additional common stock through a Roth IRA, ESOP, and 401(k) accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Fasanella David
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,066 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,066 shares (Direct);
Common Stock — 49,924 shares (Direct);
Common Stock — 4,000 shares (Indirect, Roth IRA)
Footnotes (1)
- Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. Each restricted stock unit represents a contingent right to receive cash equal to the value of one share of Issuer common stock on date of vesting. Restricted stock units vest in three equal annual installments beginning one year following the date of grant.
FAQ
What insider transaction did Northfield Bancorp (NFBK) report on this Form 4/A?
Northfield Bancorp reported an executive vice president receiving 15,066 restricted stock units on 02/04/2026. These units are cash-settled based on the value of one share of common stock at vesting, and vest over three years in equal annual installments.
How many restricted stock units were granted to the Northfield Bancorp executive?
The executive vice president was granted 15,066 restricted stock units. Each unit represents a contingent right to receive cash equal to one share of Northfield Bancorp common stock on the vesting date, providing cash-based exposure to the company’s equity performance over time.
How do the Northfield Bancorp restricted stock units reported here settle?
Each restricted stock unit represents a right to receive cash equal to the value of one share of Northfield Bancorp common stock on the vesting date. This means the award is settled in cash, not shares, but its value tracks the stock price at vesting.
What is the vesting schedule for the 15,066 restricted stock units at Northfield Bancorp?
The 15,066 restricted stock units vest in three equal annual installments, starting one year after the 02/04/2026 grant date. This structure ties compensation to multi-year performance and ongoing service, distributing the cash value over three years.
Is the restricted stock unit award to the Northfield Bancorp executive direct or indirect ownership?
The 15,066 restricted stock units are reported as direct ownership. The filing distinguishes between directly held awards and indirect positions, such as shares held in a Roth IRA, ESOP, or 401(k) accounts associated with the executive.