Form 4: Alessandro DiNello Gifts NYCB Stock, Maintains Large Stake
Rhea-AI Filing Summary
Form 4 filing for New York Community Bancorp, Inc. (legacy Flagstar symbol FLG) details one insider transaction by Director Alessandro DiNello on 07/29/2025.
- Transaction type: Code G (bona-fide gift) of 40,000 common shares at $0.00.
- Post-gift direct holdings: 323,776 shares.
- Indirect holdings: 10 trust and IRA vehicles now hold an additional 890,884 shares (largest positions: 358,430 in a SLAT and 276,238 in the spouse’s SLAT).
- Derivatives: None reported.
The filing reflects estate/charitable planning rather than a market sale, so it has minimal immediate trading impact. DiNello continues to beneficially own roughly 1.2 million shares, signalling an ongoing long-term stake in NYCB.
Positive
- No open-market sale; the transaction is a gift, avoiding negative price pressure.
- Insider retains a large stake of ~1.2 million shares, signalling continued alignment with shareholders.
Negative
- None.
Insights
TL;DR: Gift of 40k shares; insider still holds ~1.2M—neutral signal.
The Code G transaction removes 40,000 shares from DiNello’s direct account without cash proceeds, indicating philanthropic or estate activity. He retains substantial exposure—>1 % of outstanding shares—through direct and trust holdings, so no bearish read-through. Absence of sales or derivative hedges suggests unchanged confidence. Market impact is negligible because share count is immaterial relative to NYCB’s float.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 40,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Total includes service based restricted stock units that will vest in shares of Issuer's common stock over the passage of time. Spousal Lifetime Access Trust (SLAT) wherein reporting person's spouse is initial trustee and beneficiary. Spousal Lifetime Access Trust (SLAT) wherein reporting person is initial trustee and beneficiary. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These shares are held in a charitable remainder unitrust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the New York Community Bancorp, Inc. common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein. These shares are held in a trust for the benefit of the reporting person's grandchild. The reporting person's spouse is a co-trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
