Seneca Bancorp awards SVP 1,000 restricted shares
Seneca Bancorp, Inc. (SNNF) reported that officer Jamie Nastri, SVP - Operations, received a grant of 1,000 shares of Common Stock on August 21, 2026 as a restricted stock award at $0.00 per share.
Rhea-AI Filing Summary
Seneca Bancorp, Inc. (SNNF) reported that officer Jamie Nastri, SVP - Operations, received a grant of 1,000 shares of Common Stock on August 21, 2026 as a restricted stock award at $0.00 per share. These shares vest at a rate of 20% per year commencing on August 21, 2027. Following this grant, Nastri directly holds 2,936 shares of common stock, with additional indirect holdings of 860 shares through an ESOP and 549 shares through a 401(k) plan. Nastri also holds stock options covering 1,453 underlying shares at an exercise price of $9.50 expiring August 16, 2029, and options covering 484 underlying shares at an exercise price of $10.07 expiring June 18, 2031.
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Negative
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Insider Trade Summary
Grant/Award: 1,000 shares
Grant/Award
5 txns
Insider
Nastri Jamie
Role
SVP - Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,000 | $0.00 | $0.00 |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,936 shares (Direct);
Stock Options — 1,937 contracts (Direct);
Common Stock — 860 shares (Indirect, By ESOP);
Common Stock — 549 shares (Indirect, By 401(k))
Footnotes (1)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on August 21, 2027.
Key Figures
Restricted stock grant: 1,000 shares of Common Stock
Vesting rate: 20% per year
Direct common stock holdings: 2,936 shares
+4 more
7 metrics
Restricted stock grant
1,000 shares of Common Stock
Grant to Jamie Nastri on August 21, 2026
Vesting rate
20% per year
Restricted stock vests commencing on August 21, 2027
Direct common stock holdings
2,936 shares
Shares of Common Stock directly held after grant
Indirect ESOP holdings
860 shares
Common Stock held indirectly by ESOP
Indirect 401(k) holdings
549 shares
Common Stock held indirectly by 401(k)
Stock option exercise price
$9.50
Options on 1,453 underlying shares expiring August 16, 2029
Stock option exercise price
$10.07
Options on 484 underlying shares expiring June 18, 2031
Key Terms
restricted stock, Stock Options, exercise price, ESOP, +1 more
5 terms
restricted stock financial
"Shares of restricted stock vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Options financial
"security_title": "Stock Options""
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"exercisePrice": "9.5000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
ESOP financial
"nature_of_ownership": "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.
401(k) financial
"nature_of_ownership": "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What insider transaction did SNNF report for Jamie Nastri on August 21, 2026?
Seneca Bancorp, Inc. reported that Jamie Nastri received a grant of 1,000 shares of Common Stock as a restricted stock award on August 21, 2026 at $0.00 per share, vesting 20% per year starting August 21, 2027.
What are the vesting terms of Jamie Nastri’s restricted stock in SNNF?
The 1,000 restricted shares of Seneca Bancorp common stock granted to Jamie Nastri vest at a rate of 20% per year, commencing on August 21, 2027, according to the footnote in the filing.
What stock options in SNNF does Jamie Nastri hold and at what exercise prices?
Jamie Nastri holds stock options over 1,453 underlying shares at an exercise price of $9.50 expiring August 16, 2029, and options over 484 underlying shares at an exercise price of $10.07 expiring June 18, 2031.
Are Jamie Nastri’s SNNF holdings only direct, or also through benefit plans?
Nastri’s holdings include both: 2,936 shares are held directly, while 860 shares are held indirectly through an ESOP and 549 shares are held indirectly through a 401(k) plan, as reported in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
