Quaint Oak Bancorp (QNTO) EVP reports 304-share tax withholding event
Rhea-AI Filing Summary
Quaint Oak Bancorp EVP and Corporate Secretary Aimee K. Ott reported an automatic share disposition tied to tax obligations rather than an open-market trade. On May 10, 2026, 304 shares of common stock were delivered at $17.54 per share to satisfy tax due on a distribution from a stock benefit plan.
After this transaction, Ott directly held 12,485 shares of common stock. She also had indirect holdings of 5,282.8622 shares through an ESOP account and 5,357.1370 shares through the company 401(k) plan. In addition, she retained employee stock options covering 8,136 shares at $13.30 expiring in 2028, 15,000 shares at $18.00 expiring in 2033, and 6,000 shares at $10.15 expiring in 2035, all for common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 304 shares
Net Sell
6 txns
Insider
OTT AIMEE K
Role
EVP and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 304 | $17.54 | $5K |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,485 shares (Direct);
Employee Stock Option (Right to Buy) — 29,136 shares (Direct);
Common Stock — 5,357.137 shares (Indirect, By 401(k) Plan);
Common Stock — 5,282.8622 shares (Indirect, By ESOP)
Footnotes (7)
- F1. Disposition solely to meet tax obligation for distribution from stock benefit plan.
- F2. Includes 1,500 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan that vest ratably over five years at 20% per year commencing on September 5, 2026, and 1,800 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 4,500 shares that commenced vesting at a rate of 20% per year on May 10, 2024.
- F3. Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated May 11, 2026.
- F4. Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
- F5. The options are vesting at a rate of 20% per year commencing on September 5, 2026.
- F6. The options are vesting at a rate of 20% per year commencing on May 10, 2024.
- F7. The options vested at a rate of 20% per year commencing May 9, 2019 and were fully vested as of May 9, 2023.
Key Figures
Tax-withholding shares: 304 shares
Tax-withholding price: $17.54/share
Direct common shares after transaction: 12,485 shares
+5 more
8 metrics
Tax-withholding shares
304 shares
Common stock delivered at $17.54 to meet tax obligation
Tax-withholding price
$17.54/share
Value for 304-share tax-withholding disposition on May 10, 2026
Direct common shares after transaction
12,485 shares
Directly held Quaint Oak Bancorp common stock following Form 4 event
Indirect ESOP holdings
5,282.8622 shares
Common stock held indirectly through ESOP account
Indirect 401(k) holdings
5,357.1370 shares
Common stock held indirectly via 401(k) Plan
Option position 2028 expiry
8,136 shares at $13.30
Employee stock option, expiring May 9, 2028, for common stock
Option position 2033 expiry
15,000 shares at $18.00
Employee stock option, expiring May 10, 2033, for common stock
Option position 2035 expiry
6,000 shares at $10.15
Employee stock option, expiring September 5, 2035, for common stock
Key Terms
Employee Stock Option (Right to Buy), ESOP, 401(k) Plan, tax-withholding disposition, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy) for common stock"
ESOP financial
"nature_of_ownership: By ESOP; shares allocated to the ESOP account"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) Plan financial
"nature_of_ownership: By 401(k) Plan; includes shares acquired in the 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition under transaction code F"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Incentive Plan financial
"shares granted pursuant to the Issuer's 2023 Stock Incentive Plan that vest ratably"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
FAQ
What insider transaction did QNTO executive Aimee K. Ott report?
Aimee K. Ott reported an automatic tax-related disposition of 304 Quaint Oak Bancorp common shares. The shares were delivered at $17.54 each to satisfy tax obligations arising from a stock benefit plan distribution, rather than an open-market sale or discretionary trade.
What stock options on QNTO common stock does Aimee K. Ott retain?
Ott retains employee stock options on 8,136 QNTO shares at a $13.30 exercise price expiring in 2028, 15,000 shares at $18.00 expiring in 2033, and 6,000 shares at $10.15 expiring in 2035, all exercisable for Quaint Oak Bancorp common stock.
Was the QNTO Form 4 transaction an open-market sale by Aimee K. Ott?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 304 shares were delivered solely to meet tax obligations related to a stock benefit plan distribution, according to the filing’s transaction code F and accompanying footnote.
What does the tax-withholding code F mean in the QNTO Form 4 filing?
Code F in the Form 4 indicates shares were used to pay an exercise price or tax liability. In Ott’s case, 304 shares of Quaint Oak Bancorp common stock were delivered to cover tax obligations from a stock benefit plan distribution, rather than sold on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
