Quaint Oak (QNTO) President reports 304-share tax withholding, retains sizable options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QUAINT OAK BANCORP, INC. President William R. Gonzalez reported a routine tax-related share disposition. On May 10, 2026, 304 shares of common stock were withheld at $17.54 per share to cover tax obligations on a distribution from a stock benefit plan.
After this withholding, he directly holds 16,054 common shares, which include awards granted under the 2023 Stock Incentive Plan that vest 20% per year beginning on May 10, 2024 and September 5, 2026. He also has indirect holdings through a 401(k) Plan and ESOP accounts for himself and his spouse, reflecting shares accumulated since the last Form 4.
Gonzalez continues to hold employee stock options over 15,000 shares at $18.00 expiring in 2033, 7,000 shares at $10.15 expiring in 2035, and 11,220 shares at $13.30 expiring in 2028, providing significant ongoing equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
GONZALEZ WILLIAM R
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,054 shares (Direct, null);
Employee Stock Option (Right to Buy) — 11,220 shares (Direct, null);
Common Stock — 18,749.422 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Disposition solely to meet tax obligation for distribution from stock benefit plan. Includes 2,000 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. Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated May 11, 2026. Includes shares allocated to the reporting person's and the reporting person's spouse's ESOP account since the last filed Form 4. 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 May 10, 2024.
Key Figures
Tax withholding shares: 304 shares
Withholding price: $17.54/share
Direct common shares after: 16,054 shares
+5 more
8 metrics
Tax withholding shares
304 shares
Common Stock withheld to satisfy tax obligation at $17.54 per share
Withholding price
$17.54/share
Price used for 304-share tax-withholding disposition
Direct common shares after
16,054 shares
Direct QNTO Common Stock holdings following tax withholding
401(k) Plan holdings
18,749.4220 shares
Indirect Common Stock holdings via 401(k) Plan as of May 11, 2026 report
ESOP holdings
13,090.8859 shares
Indirect Common Stock holdings via ESOP
Spouse ESOP holdings
1,203.1249 shares
Indirect Common Stock holdings via spouse’s ESOP account
Option position 1
15,000 shares at $18.00
Employee Stock Option, expires May 10, 2033
Option position 2
7,000 shares at $10.15
Employee Stock Option, expires September 5, 2035
Key Terms
Employee Stock Option (Right to Buy), 401(k) Plan, ESOP, Stock Incentive Plan, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
401(k) Plan financial
"nature_of_ownership: By 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.
ESOP financial
"nature_of_ownership: By ESOP and By spouse through 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.
Stock Incentive Plan financial
"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.
tax obligation financial
"Disposition solely to meet tax obligation for distribution from stock benefit plan."
FAQ
What did QNTO President William R. Gonzalez report in this Form 4?
He reported a tax-related share disposition. 304 common shares were withheld at $17.54 per share to satisfy tax obligations on a stock benefit plan distribution, while his broader direct and indirect share and option holdings remain in place.
What indirect QNTO holdings are reported for William R. Gonzalez?
He reports indirect common stock holdings through a 401(k) Plan and ESOP accounts for himself and his spouse. Footnotes state these amounts include shares acquired or allocated since the prior Form 4 based on recent plan reports and allocations.
What employee stock options does William R. Gonzalez retain in QNTO?
He retains options linked to 15,000 shares at $18.00 expiring in 2033, 7,000 shares at $10.15 expiring in 2035, and 11,220 shares at $13.30 expiring in 2028, all exercisable into Quaint Oak Bancorp common stock.
How do unvested QNTO awards factor into William R. Gonzalez’s holdings?
His direct holdings include 2,000 shares from a 2023 Stock Incentive Plan grant vesting 20% annually from September 5, 2026, and 1,800 unvested shares from a grant that began vesting 20% annually on May 10, 2024, extending his long-term equity exposure.