Northfield Bancorp EVP sells shares for taxes
Northfield Bancorp, Inc. executive William R. Jacobs (EVP & PAO) reported a tax-related disposition of insider shares.
Rhea-AI Filing Summary
Northfield Bancorp, Inc. executive William R. Jacobs (EVP & PAO) reported a tax-related disposition of insider shares. He sold 4,118 shares of common stock at $14.72 per share to satisfy tax obligations from accelerated vesting of restricted stock, leaving 64,947 shares held directly. He also reports indirect holdings of 12,949.11 shares through a 401(k), 38,613.64 shares through an ESOP, and 15,888 restricted stock units representing a contingent right to cash equal to the value of one share of common stock each.
Positive
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Negative
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Insider Trade Summary
Tax Withholding: 4,118 shares
Tax Withholding
4 txns
Insider
Jacobs William R.
Role
EVP & PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 4,118 | $14.72 | $61K |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,947 shares (Direct);
Restricted Stock Units — 15,888 contracts (Direct);
Common Stock — 38,613.64 shares (Indirect, By ESOP);
Common Stock — 12,949.11 shares (Indirect, By 401(k))
Footnotes (4)
- F1. Represents shares sold by the Reporting Person to satisfy tax obligations in connection with the accelerated vesting of restricted stock previously issued.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F3. Each restricted stock unit represents a contingent right to receive cash equal to the value of one share of Issuer common stock
- F4. Restricted stock units vest in three equal annual installments beginning one year following the date of grant.
Key Figures
Tax-related share disposition: 4,118 shares
Disposition price: $14.72 per share
Direct holdings after transaction: 64,947 shares
+3 more
6 metrics
Tax-related share disposition
4,118 shares
Common Stock disposed on 2026-07-14 to satisfy tax obligations
Disposition price
$14.72 per share
Price for 4,118 common shares used to cover tax obligations
Direct holdings after transaction
64,947 shares
Common Stock held directly by William R. Jacobs after 2026-07-14 disposition
Indirect 401(k) holdings
12,949.11 shares
Common Stock held indirectly via a 401(k) plan
Indirect ESOP holdings
38,613.64 shares
Common Stock held indirectly via an ESOP
Restricted stock units underlying shares
15,888 shares
RSUs representing a contingent right to cash equal to one share each
Key Terms
Restricted Stock Units, accelerated vesting, Section 16, ESOP, +1 more
5 terms
Restricted Stock Units financial
""Restricted stock units" vest in three equal annual installments"
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
"tax obligations in connection with the accelerated vesting of restricted stock"
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
Section 16 regulatory
"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.
ESOP financial
"nature_of_ownership: By ESOP for indirect common stock holdings"
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.
401(k) financial
"nature_of_ownership: By 401(k) for indirect common stock holdings"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Northfield Bancorp (NFBK) executive William R. Jacobs report?
William R. Jacobs reported selling 4,118 Northfield Bancorp common shares to cover tax obligations. The shares were disposed of at $14.72 each in connection with the accelerated vesting of previously issued restricted stock, and are characterized as a tax-related transaction rather than a discretionary sale.
What indirect holdings in Northfield Bancorp (NFBK) does William R. Jacobs report?
Jacobs reports indirect ownership of 12,949.11 common shares through a 401(k) plan and 38,613.64 shares through an ESOP. These plan-based positions are shown as indirect holdings separate from his directly owned common stock.
What restricted stock unit position does William R. Jacobs hold in Northfield Bancorp (NFBK)?
Jacobs holds 15,888 restricted stock units, each representing a contingent right to receive cash equal to the value of one common share. These RSUs vest in three equal annual installments beginning one year after the grant date, providing staged future value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
