Northfield Bancorp EVP reports tax share withholding
Northfield Bancorp, Inc. EVP David Fasanella disposed of 3,905 shares of common stock at $14.72 per share to satisfy tax obligations tied to the accelerated vesting of previously issued restricted stock.
Rhea-AI Filing Summary
Northfield Bancorp, Inc. EVP David Fasanella disposed of 3,905 shares of common stock at $14.72 per share to satisfy tax obligations tied to the accelerated vesting of previously issued restricted stock. After this tax-withholding disposition, he holds 46,019 common shares directly, additional indirect holdings through a 401(k), ESOP and Roth IRA, and 15,066 restricted stock units that each represent a contingent right to receive cash equal to the value of one share of common stock.
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Negative
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Insider Trade Summary
Tax Withholding: 3,905 shares
Tax Withholding
5 txns
Insider
Fasanella David
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,905 | $14.72 | $57K |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,019 shares (Direct);
Restricted Stock Units — 15,066 contracts (Direct);
Common Stock — 11,500 shares (Indirect, Roth IRA);
Common Stock — 9,611.95 shares (Indirect, ESOP);
Common Stock — 2,382.67 shares (Indirect, 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 instalments beginning one year following the date of grant.
Key Figures
Tax-withholding shares: 3,905 shares
Tax-withholding price: $14.72 per share
Direct common shares after transaction: 46,019 shares
+4 more
7 metrics
Tax-withholding shares
3,905 shares
Shares disposed of to satisfy tax obligations at vesting
Tax-withholding price
$14.72 per share
Price for the 3,905-share tax-withholding disposition
Direct common shares after transaction
46,019 shares
Direct Northfield Bancorp common stock held by EVP after disposition
401(k) indirect holdings
2,382.6700 shares
Indirect Northfield Bancorp common stock in 401(k)
ESOP indirect holdings
9,611.9500 shares
Indirect Northfield Bancorp common stock in ESOP
Roth IRA indirect holdings
11,500.0000 shares
Indirect Northfield Bancorp common stock in Roth IRA
Restricted stock units underlying shares
15,066.0000 units
RSUs representing cash equal to value of one share each
Key Terms
Restricted Stock Units, tax obligations, Employee Stock Ownership Plan, Roth IRA, +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.
tax obligations financial
"Represents shares sold by the Reporting Person to satisfy tax obligations in connection with the accelerated vesting"
Employee Stock Ownership Plan financial
"nature_of_ownership": "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.
Roth IRA financial
"nature_of_ownership": "Roth IRA""
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Northfield Bancorp, Inc. (NFBK) EVP David Fasanella report in this insider transaction?
EVP David Fasanella reported a disposition of 3,905 Northfield Bancorp common shares at $14.72 per share. The shares were used to cover tax obligations arising from the accelerated vesting of previously issued restricted stock, rather than an open-market sale.
What indirect holdings in Northfield Bancorp (NFBK) stock does EVP David Fasanella report?
EVP Fasanella reports indirect ownership of 2,382.6700 shares via a 401(k), 9,611.9500 shares through an ESOP, and 11,500.0000 shares in a Roth IRA. These plan-related positions supplement his direct holdings in Northfield Bancorp common stock.
How many restricted stock units tied to Northfield Bancorp (NFBK) does EVP Fasanella hold?
He holds 15,066 restricted stock units, each representing a contingent right to receive cash equal to the value of one Northfield Bancorp common share. These units vest in three equal annual instalments beginning one year after the grant date.
How do the restricted stock units for Northfield Bancorp (NFBK) EVP Fasanella vest and settle?
The restricted stock units vest in three equal annual instalments, starting one year after the grant date. Each unit is a contingent right to receive cash equal to the value of one share of Northfield Bancorp common stock, rather than delivering actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
