Seneca Bancorp CEO buys 400 shares at $14.50
Seneca Bancorp, Inc. (SNNF) reports that President and CEO Joseph G. Vitale purchased 400 shares of common stock on September 3, 2026 at $14.50 per share in an open-market transaction through an IRA, bringing that IRA’s indirect holdings to 13,844 shares.
Rhea-AI Filing Summary
Seneca Bancorp, Inc. (SNNF) reports that President and CEO Joseph G. Vitale purchased 400 shares of common stock on September 3, 2026 at $14.50 per share in an open-market transaction through an IRA, bringing that IRA’s indirect holdings to 13,844 shares.
He also reports 14,684 directly held common shares (including restricted stock that vests 20% per year starting November 21, 2026), plus indirect holdings of 2,163 shares by ESOP and 8,100 shares by 401(k). Separately, he holds stock options over 11,379 underlying shares at exercise prices between $6.73 and $10.07. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 400 shares
Net Buy
7 txns
Insider
Vitale Joseph G
Role
President and CEO
Bought
400 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 400 | $14.50 | $6K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,844 shares (Indirect, By IRA);
Stock Options — 11,379 contracts (Direct);
Common Stock — 14,684 shares (Direct);
Common Stock — 2,163 shares (Indirect, By ESOP);
Common Stock — 8,100 shares (Indirect, By 401(k))
Footnotes (1)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 21, 2026.
Key Figures
Shares purchased: 400 shares
Purchase price: $14.50 per share
IRA indirect holdings: 13,844 shares
+5 more
8 metrics
Shares purchased
400 shares
Open-market purchase on September 3, 2026 by the CEO’s IRA
Purchase price
$14.50 per share
Price paid for 400 Seneca Bancorp common shares on September 3, 2026
IRA indirect holdings
13,844 shares
Common stock held indirectly by CEO through IRA after the transaction
Direct common stock holdings
14,684 shares
Common stock held directly by CEO, including restricted stock
ESOP indirect holdings
2,163 shares
Common stock held indirectly by CEO through ESOP
401(k) indirect holdings
8,100 shares
Common stock held indirectly by CEO through 401(k)
Stock options at $9.50
4,842 underlying shares
Options on common stock exercisable at $9.50, expiring August 16, 2029
Stock options at $6.73 and $10.07
1,695 and 4,842 underlying shares
Options exercisable at $6.73 (expiring May 19, 2030) and $10.07 (expiring June 18, 2031)
Key Terms
Indirect ownership, Employee Stock Ownership Plan (ESOP), 401(k), Restricted stock, +1 more
5 terms
Indirect ownership financial
"Indirect ownership through an IRA, ESOP, and 401(k)"
Employee Stock Ownership Plan (ESOP) financial
"Indirect holdings of 2,163 shares by ESOP"
An employee stock ownership plan (ESOP) is a company-run retirement and ownership program that gives workers shares or the right to buy shares, so employees collectively hold part of the business. It matters to investors because ESOPs change who owns the company and can affect share supply, corporate incentives and long-term performance—think of it like turning employees into partial owners, which can align interests but also dilute existing shareholders or alter cash flows for payouts.
401(k) financial
"Indirect holdings of 8,100 shares 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.
Restricted stock financial
"Includes shares of restricted stock which 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
"Stock options over 11,379 underlying shares at specified exercise prices"
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.
FAQ
What insider transaction did Seneca Bancorp (SNNF) report for September 3, 2026?
Seneca Bancorp reported that President and CEO Joseph G. Vitale purchased 400 shares of common stock on September 3, 2026 at $14.50 per share in an open-market transaction through an IRA.
What are the CEO’s direct SNNF common stock holdings reported in this Form 4?
Joseph G. Vitale reports 14,684 directly held shares of Seneca Bancorp common stock, including restricted stock that vests at a rate of 20% per year starting on November 21, 2026.
What additional indirect SNNF holdings does the CEO report?
In addition to his IRA, Joseph G. Vitale reports indirect holdings of 2,163 shares by ESOP and 8,100 shares by 401(k) in Seneca Bancorp common stock.
What stock options on SNNF does the CEO hold according to this filing?
Joseph G. Vitale holds stock options over 4,842 shares at $9.50, 1,695 shares at $6.73, and 4,842 shares at $10.07 per share, all exercisable into Seneca Bancorp common stock and expiring between 2029 and 2031.
Was the SNNF insider purchase made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported for the September 3, 2026 purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
