Northfield Bancorp (NFBK) EVP disposes 3,297 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northfield Bancorp, Inc. executive Vickie Tomasello, EVP and Chief Risk Officer, reported a tax-related share disposition. On July 14, 2026 she used 3,297 common shares, valued at $14.72 each, to satisfy tax obligations in connection with the accelerated vesting of previously issued restricted stock.
Following this withholding event, she directly holds 9,070 common shares, plus 1,138.07 shares held indirectly through an ESOP. She also holds 12,966 restricted stock units, each a contingent cash right equal to the value of one share of common stock, vesting in three equal annual installments beginning one year after the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tomasello Vickie
Role
EVP/Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,297 | $14.72 | $49K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,070 shares (Direct);
Restricted Stock Units — 12,966 shares (Direct);
Common Stock — 1,138.07 shares (Indirect, ESOP)
Footnotes (1)
- Represents shares sold by the Reporting Person to satisfy tax obligations in connection with the accelerated vesting of restricted stock previously issued. 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. Restricted stock units vest in three equal annual instalments beginning one year following the date of grant.
Key Figures
Tax-withholding shares: 3,297 shares
Tax-withholding share value: $14.72 per share
Direct common shares after transaction: 9,070 shares
+2 more
5 metrics
Tax-withholding shares
3,297 shares
Common shares used on July 14, 2026 to satisfy tax obligations
Tax-withholding share value
$14.72 per share
Value per common share applied to tax obligations
Direct common shares after transaction
9,070 shares
Direct ownership of Northfield Bancorp common stock following the disposition
Indirect ESOP shares after transaction
1,138.07 shares
Indirect ownership through an ESOP after the reported event
Restricted Stock Units held
12,966 units
RSUs representing contingent cash rights equal to one common share each
Key Terms
Restricted Stock Units, accelerated vesting, ESOP, Section 16, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive cash equal to the value of one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
accelerated vesting financial
"to satisfy tax obligations in connection with the accelerated vesting of restricted stock previously issued"
ESOP financial
"Represents shares held indirectly through an ESOP as indicated by the nature of ownership"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
contingent right financial
"Each restricted stock unit represents a contingent right to receive cash equal to the value of one share"
FAQ
What insider transaction did Northfield Bancorp (NFBK) report for EVP Vickie Tomasello?
Northfield Bancorp reported that EVP and Chief Risk Officer Vickie Tomasello used 3,297 common shares on July 14, 2026 to satisfy tax obligations arising from the accelerated vesting of previously issued restricted stock, rather than executing a discretionary open-market trade.
What restricted stock unit (RSU) position does the Northfield Bancorp (NFBK) EVP hold?
The EVP holds 12,966 restricted stock units, each representing a contingent right to receive cash equal to the value of one Northfield Bancorp common share. These RSUs vest in three equal annual installments, beginning one year after the grant date.
Were all transactions in the Northfield Bancorp (NFBK) Form 4 required under Section 16 reporting?
A footnote states that certain entries reflect transactions not required to be reported under Section 16 of the Exchange Act. These entries function as holdings updates, while the 3,297-share tax-withholding disposition is the primary reportable transaction.
Is the Northfield Bancorp (NFBK) EVP’s Form 4 transaction an open-market sale?
The filing describes the 3,297-share disposition as shares sold to satisfy tax obligations tied to accelerated vesting of restricted stock. This is characterized as a tax-withholding event, not a discretionary open-market sale for portfolio rebalancing.