Northfield Bancorp (NFBK) EVP buys 7,500 shares in Roth IRA
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northfield Bancorp, Inc. executive David Fasanella, EVP, bought 7,500 shares of Common Stock in an open-market transaction at $13.07 per share. The shares were acquired indirectly through a Roth IRA, bringing that account’s holdings to 11,500 shares.
He also reports additional direct and indirect Common Stock holdings and 15,066 restricted stock units, which represent a right to receive cash equal to the value of one share of Northfield common stock on the vesting date, vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,500 shares ($98,025)
Net Buy
5 txns
Insider
Fasanella David
Role
EVP
Bought
7,500 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 7,500 | $13.07 | $98K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,500 shares (Indirect, Roth IRA);
Restricted Stock Units — 15,066 shares (Direct);
Common Stock — 49,924 shares (Direct)
Footnotes (1)
- 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 in date of vesting. Restricted stock units vest in three equal annual installments beginning one year following the date of grant.
FAQ
What insider transaction did Northfield Bancorp (NFBK) report for David Fasanella?
Northfield Bancorp reported that EVP David Fasanella bought 7,500 shares of Common Stock in an open-market transaction at $13.07 per share. The purchase was made indirectly through a Roth IRA, increasing that account’s holdings to 11,500 shares following the transaction.
Was the Northfield Bancorp (NFBK) insider trade a buy or a sell?
The reported insider trade by Northfield Bancorp EVP David Fasanella was a buy. He executed an open-market purchase of 7,500 shares of Common Stock at $13.07 per share through a Roth IRA, resulting in a net-buy position in the transaction summary.
How were restricted stock units described in the Northfield Bancorp (NFBK) Form 4?
The Form 4 states each restricted stock unit represents a contingent right to receive cash equal to the value of one share of Northfield common stock on the vesting date. These units vest in three equal annual installments beginning one year after the grant date, per the filing footnotes.
Does the Northfield Bancorp (NFBK) filing show any derivative positions for the EVP?
Yes. The filing lists restricted stock units tied to 15,066 underlying shares of Common Stock as a remaining derivative position. These units have a stated exercise price of $0.00 and are held directly, with vesting occurring in three equal annual installments after the grant date.