Northfield Bancorp (NFBK) EVP withholds shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northfield Bancorp, Inc. EVP Robin Lefkowitz reported a tax-withholding disposition of 3,423 shares of common stock at $14.72 per share to satisfy tax obligations tied to the accelerated vesting of an equity award. After this, Lefkowitz holds 23,534 shares directly, plus 38,388.46 shares via an ESOP and 26,135.8 shares via a 401(k). She also retains stock options on 40,000 shares at an exercise price of $18.44 expiring in 2026 and 13,879 restricted stock units representing a right to receive cash equal to the value of one share each.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Lefkowitz Robin
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,423 | $14.72 | $50K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,534 shares (Direct);
Restricted Stock Units — 13,879 shares (Direct);
Stock Options — 40,000 shares (Direct);
Common Stock — 26,135.8 shares (Indirect, By 401(k))
Footnotes (1)
- Represents shares sold by the Reporting Person to satisfy tax obligations in connection with the accelerated vesting of an equity award. Reflects transactions not required to be reported pursuant to Section 16 of the Security 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 installments beginning one year following the date of grant.
Key Figures
Shares disposed for taxes: 3,423 shares
Tax-withholding price: $14.72 per share
Direct common shares after transaction: 23,534 shares
+5 more
8 metrics
Shares disposed for taxes
3,423 shares
Common stock used to satisfy tax obligations on 2026-07-14
Tax-withholding price
$14.72 per share
Value per share for 3,423 shares used for tax obligations
Direct common shares after transaction
23,534 shares
Direct ownership of Northfield Bancorp common stock following disposition
ESOP indirect holdings
38,388.46 shares
Common stock held indirectly by ESOP
401(k) indirect holdings
26,135.8 shares
Common stock held indirectly via 401(k)
Stock options underlying shares
40,000 shares
Underlying common stock for options at $18.44, expiring 2026-11-16
Option exercise price
$18.44 per share
Exercise price of direct stock options held by Lefkowitz
Restricted stock units
13,879 units
Units representing right to receive cash equal to value of one share each
Key Terms
Restricted Stock Units, accelerated vesting, tax-withholding disposition, Employee Stock Ownership Plan, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive cash"
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
"in connection with the accelerated vesting of an equity award"
tax-withholding disposition financial
"shares sold by the Reporting Person to satisfy tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Employee Stock Ownership Plan financial
"nature_of_ownership: By ESOP"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
Section 16 of the Securities Exchange Act of 1934 financial
"transactions not required to be reported pursuant to Section 16"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did Northfield Bancorp (NFBK) EVP Robin Lefkowitz report?
Robin Lefkowitz reported a tax-withholding disposition of 3,423 shares of Northfield Bancorp common stock at $14.72 per share. The shares were used to satisfy tax obligations related to the accelerated vesting of an equity award, not sold in an open-market transaction.
What stock options does Northfield Bancorp (NFBK) EVP Robin Lefkowitz retain?
Robin Lefkowitz retains stock options over 40,000 Northfield Bancorp shares with an exercise price of $18.44 per share, expiring on November 16, 2026. These options provide potential future share acquisition if exercised before expiration.
What do the holding entries in the Northfield Bancorp (NFBK) Form 4 indicate?
The holding entries show updated positions, including ESOP, 401(k), options, and restricted stock units, and are noted as transactions not required to be reported under Section 16. They provide a snapshot of Robin Lefkowitz’s overall equity-related interests after the tax-withholding event.