Northfield Bancorp (NFBK) EVP uses share withholding to cover equity-award taxes
Rhea-AI Filing Summary
Northfield Bancorp, Inc. executive David Fasanella reported routine share withholdings to cover taxes tied to an equity award vesting. On January 24, 2026, 1,535 shares of Northfield common stock were withheld or sold at $11.89 per share, leaving 52,450 directly held shares. On January 26, 2026, a further 1,180 shares were withheld or sold at the same price, with direct holdings reported at 51,270 shares afterward. The filing notes these transactions were made to satisfy tax obligations related to the vesting of an equity award. Fasanella also reports indirect ownership of 4,000 shares in a Roth IRA, 8,106.53 shares through an ESOP, and 2,340.02 shares through a 401(k) plan.
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FAQ
What insider transaction did Northfield Bancorp (NFBK) report for EVP David Fasanella?
EVP David Fasanella reported two tax-related transactions in Northfield Bancorp, Inc. common stock. On January 24, 2026, 1,535 shares were withheld or sold at $11.89 per share, and on January 26, 2026, 1,180 shares were withheld or sold at $11.89 per share. Both are reported as Code F transactions, which are associated with tax withholding on equity awards.
Why were shares of Northfield Bancorp (NFBK) involved in David Fasanellas Form 4 transactions?
The filing explains that the reported shares represent shares sold by the reporting person to satisfy tax obligations in connection with the vesting of an equity award. This indicates the activity was related to compensation and tax withholding rather than an open-market sale decision.
How many Northfield Bancorp (NFBK) shares does David Fasanella own after these transactions?
After the reported transactions, David Fasanella directly owns 51,270 shares of Northfield Bancorp, Inc. common stock. In addition, he reports indirect holdings of 4,000 shares in a Roth IRA, 8,106.53 shares through an ESOP, and 2,340.02 shares through a 401(k) plan.
What is David Fasanellas role at Northfield Bancorp (NFBK)?
In the filing, the reporting person David Fasanella is identified as an officer of Northfield Bancorp, Inc. with the title EVP (Executive Vice President). He is not listed as a director or 10% owner in this report.
Were any derivative securities reported in this Northfield Bancorp (NFBK) Form 4?
The Form 4 includes a section for Derivative Securities, but no derivative transactions are reported. All reported positions and transactions relate to non-derivative common stock, including direct holdings and indirect holdings via retirement and employee plans.
How are Fasanellas indirect holdings in Northfield Bancorp (NFBK) structured?
Besides his directly held common shares, David Fasanella reports indirect ownership in three forms: 4,000 shares via a Roth IRA, 8,106.53 shares through an ESOP, and 2,340.02 shares through a 401(k) plan, all referenced as indirect beneficial ownership.