Northfield Bancorp (NFBK) director reports 54,354 shares converted in merger
Rhea-AI Filing Summary
Northfield Bancorp, Inc. director Paul Stahlin reported merger-related dispositions of his equity holdings. On July 20, 2026, 54,354 shares of Northfield common stock were disposed to the issuer and converted into the right to receive, at the holder’s election, either 1.425 shares of Newco common stock or $14.25 in cash under the Merger Agreement. On the same date, 4,383 restricted stock units were converted into the right to receive 1.425 cash-settled units per RSU, based on the closing price of Newco common stock on the applicable vesting date. After these transactions, he reported no remaining Northfield common stock holdings.
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- None.
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Insider Trade Summary
Net Seller: 54,354 shares
Net Sell
2 txns
Insider
Stahlin Paul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 4,383 | -- | -- |
| Disposition | Common Stock F1 | 54,354 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger dated as of January 31, 2026, by and among Columbia Financial, Inc., a Delaware corporation, Columbia Financial, Inc., a Maryland corporation (Newco), Columbia Bank MHC and Northfield Bancorp, Inc. (Merger Agreement), at the effective time of the merger between Northfield Bancorp, Inc, and Newco, each issued and outstanding share of Northfield Bancorp, Inc. common stock was converted into the right to receive, at the election of the holder, either (i) 1.425 shares of Newco common stock or (ii) $14.25 in cash.
- F2. Pursuant to the Merger Agreement, each restricted stock unit was converted into the right to receive 1.425 units that will be settled in cash based on the closing price of Newco common stock on the day of vesting.
Key Figures
Common stock disposed: 54,354 shares
Restricted stock units converted: 4,383 units
Share-for-share exchange ratio: 1.425 shares
+2 more
5 metrics
Common stock disposed
54,354 shares
Shares of Northfield Bancorp, Inc. common stock disposed to issuer on July 20, 2026 under merger terms
Restricted stock units converted
4,383 units
RSUs converted into 1.425 cash-settled units per RSU under the Merger Agreement
Share-for-share exchange ratio
1.425 shares
Each Northfield common share became the right to receive 1.425 Newco shares or cash
Cash consideration per share
$14.25
Alternative cash amount available per Northfield share under the Merger Agreement
Holdings after transactions
0 shares
Reported Northfield Bancorp, Inc. common stock holdings following the July 20, 2026 transactions
Key Terms
Agreement and Plan of Merger, restricted stock unit, disposition to issuer, Merger Agreement
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger dated as of January 31, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
restricted stock unit financial
"Pursuant to the Merger Agreement, each restricted stock unit was converted into the right"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
disposition to issuer financial
"Transaction code description shows a disposition to issuer for common stock and RSUs"
Merger Agreement regulatory
"Pursuant to the Merger Agreement, each restricted stock unit was converted"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Northfield Bancorp (NFBK) director Paul Stahlin report?
Paul Stahlin reported disposing of 54,354 common shares and 4,383 restricted stock units in connection with the Columbia Financial merger. The Northfield shares and RSUs were converted into rights to receive Newco stock or cash under the merger terms.
How were Northfield Bancorp (NFBK) restricted stock units treated in the merger?
Each restricted stock unit was converted into 1.425 units settled in cash, with value based on Newco’s closing share price on the vesting date. Stahlin’s 4,383 RSUs were converted on this basis under the Merger Agreement.
What are Paul Stahlin’s reported Northfield Bancorp (NFBK) holdings after these transactions?
After the reported transactions, Stahlin’s reported holdings of Northfield common stock were 0 shares. The Form 4 also shows no remaining Northfield restricted stock units, reflecting the merger-related conversions and dispositions.