Quaint Oak president withholds 113 shares for taxes
Quaint Oak Bancorp’s president had 113 shares withheld to cover taxes and continues to hold significant direct, indirect, and option-based exposure to QNTO stock.
Rhea-AI Filing Summary
QUAINT OAK BANCORP, INC. (QNTO) reported that director and president William R. Gonzalez had 113 shares of common stock withheld on September 5, 2026 at $14.50 per share to pay a tax liability arising from a distribution under a stock benefit plan. After this tax-related disposition, he holds 15,941 common shares directly, which include 1,600 unvested shares from a grant that began vesting at 20% per year on September 5, 2026 and 1,800 unvested shares from a grant that began vesting at 20% per year on May 10, 2024. He also reports indirect common stock holdings of 19,336.2240 shares through a 401(k) plan, 13,090.8859 shares through an employee stock ownership plan, and 1,203.1249 shares through his spouse’s interest in an employee stock ownership plan. In addition, Gonzalez holds employee stock options for 11,220 shares at $13.30 expiring May 9, 2028 (fully vested), 7,000 shares at $10.15 expiring September 5, 2035 (vesting 20% per year starting September 5, 2026), and 15,000 shares at $18.00 expiring May 10, 2033 (vesting 20% per year starting May 10, 2024). No transactions are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 113 shares
Tax Withholding
7 txns
Insider
GONZALEZ WILLIAM R
Role
President***
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 113 | $14.50 | $2K |
| holding | Employee Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,941 shares (Direct);
Employee Stock Option (Right to Buy) — 33,220 contracts (Direct);
Common Stock — 19,336.224 shares (Indirect, By 401(k) Plan);
Common Stock — 13,090.8859 shares (Indirect, By ESOP);
Common Stock — 1,203.1249 shares (Indirect, By spouse through ESOP)
Footnotes (6)
- F1. Disposition solely to meet tax obligation for distribution from stock benefit plan.
- F2. Includes 1,600 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 2,000 shares that commenced vesting at a rate of 20% per year 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 September 4, 2026.
- F4. The options vested at a rate of 20% per year commencing on May 9, 2019 and were fully vested as of May 9, 2023.
- 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 May 10, 2024.
Key Figures
Shares disposed for tax obligation: 113 shares
Direct common stock holdings after transaction: 15,941 shares
Indirect holdings via 401(k) plan: 19,336.2240 shares
+5 more
8 metrics
Shares disposed for tax obligation
113 shares
Common stock withheld on September 5, 2026 to pay tax from stock benefit plan distribution at $14.50 per share
Direct common stock holdings after transaction
15,941 shares
Directly held Quaint Oak Bancorp common stock following the September 5, 2026 tax-related disposition
Indirect holdings via 401(k) plan
19,336.2240 shares
Common stock held through the issuer’s 401(k) plan, based on a report dated September 4, 2026
Indirect holdings via ESOP
13,090.8859 shares
Common stock held indirectly through an employee stock ownership plan
Indirect holdings via spouse’s ESOP interest
1,203.1249 shares
Common stock held indirectly through spouse’s interest in an employee stock ownership plan
Option position at $13.30
11,220 underlying shares at $13.30
Employee stock options on common stock, fully vested, expiring May 9, 2028
Option position at $10.15
7,000 underlying shares at $10.15
Employee stock options on common stock, vesting 20% per year from September 5, 2026, expiring September 5, 2035
Option position at $18.00
15,000 underlying shares at $18.00
Employee stock options on common stock, vesting 20% per year from May 10, 2024, expiring May 10, 2033
Key Terms
stock benefit plan, 401(k) Plan, ESOP, Employee Stock Option (Right to Buy), +1 more
5 terms
stock benefit plan financial
"Disposition solely to meet tax obligation for distribution from stock benefit plan."
401(k) Plan financial
"Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4."
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.
ESOP financial
"By ESOP"
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.
Employee Stock Option (Right to Buy) financial
"The options are vesting at a rate of 20% per year commencing on September 5, 2026."
tax obligation financial
"Disposition solely to meet tax obligation for distribution from stock benefit plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did QNTO’s president William R. Gonzalez report on September 5, 2026?
He reported that 113 shares of common stock were disposed of on September 5, 2026 at $14.50 per share to pay a tax obligation related to a distribution from a stock benefit plan, rather than an open-market sale.
What indirect holdings in QNTO stock does William R. Gonzalez report?
He reports indirect ownership of 19,336.2240 common shares through a 401(k) plan, 13,090.8859 shares through an employee stock ownership plan, and 1,203.1249 shares held through his spouse’s interest in an employee stock ownership plan.
Were the reported QNTO transactions by William R. Gonzalez under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to the reported transactions, and the share disposition was described as solely to meet a tax obligation from a stock benefit plan distribution.
How are the unvested QNTO stock awards to William R. Gonzalez structured?
He has 1,600 unvested shares from a grant that began vesting at 20% per year on September 5, 2026 and 1,800 unvested shares from a grant that began vesting at 20% per year on May 10, 2024, both under the 2023 Stock Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
