Quaint Oak (QNTO) CEO adds 2,500 shares through stock option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quaint Oak Bancorp Chief Executive Officer Robert T. Strong exercised employee stock options to acquire 2,500 shares of common stock at $13.30 per share on February 27, 2026. This was reported as an exercise or conversion of a derivative security, not an open-market purchase.
After the transaction, his directly held common stock increased to 210,108 shares, with 12,462 derivative (option) shares reported as remaining. Additional indirect common stock holdings are reported through a 401(k) plan, an IRA, and an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Mixed
7 txns
Insider
STRONG ROBERT T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Stock (Right to Buy) | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $13.30 | $33K |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Stock (Right to Buy) — 12,462 shares (Direct);
Common Stock — 210,108 shares (Direct);
Employee Stock Option (Right to Buy) — 2,500 shares (Direct);
Common Stock — 10,700.651 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Includes 2,700 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, 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 206,908 shares held jointly with the reporting person's spouse. Based on a report dated February 27, 2026. The options vested at a rate of 20% per year commencing on May 9, 2019 and were fully vested as of May 9, 2023. The options are vesting at a rate of 20% per year commencing on September 5, 2026. The options are vesting at a rate of 20% per year commencing on May 10, 2024.
FAQ
What insider transaction did QNTO CEO Robert T. Strong report?
Robert T. Strong reported exercising employee stock options to acquire 2,500 Quaint Oak Bancorp common shares at $13.30 per share. The transaction is classified as an exercise or conversion of a derivative security, rather than an open-market purchase or sale of shares.
Was this QNTO insider transaction a buy or sell in the market?
The transaction was an option exercise to acquire shares, not an open-market buy or sell. It is coded as an exercise or conversion of a derivative security, meaning previously granted options were converted into common stock at a stated exercise price.
What indirect QNTO holdings are reported for the CEO in this filing?
Indirect holdings include common stock held by a 401(k) plan, an IRA, and an employee stock ownership plan. The filing lists separate share totals for each of these accounts, reflecting beneficial ownership beyond the CEO’s directly held common stock position.