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FLUSHING FINANCIAL CORP·4

Jan 28, 7:27 PM ET

BUONAIUTO THOMAS 4

Research Summary

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Updated

Flushing Financial (FFIC) Sr. EVP Thomas Buonaiuto Receives RSUs, Exercises PRSUs

What Happened

  • Thomas Buonaiuto, Senior Executive Vice President of Flushing Financial (FFIC), received equity awards and had a mix of vesting-related activity recorded on Jan 26–27, 2026. The filing shows a tax-withholding disposition of 414 shares at $16.10 each (total $6,665) and multiple grant/exercise/conversion entries totaling 7,040 shares acquired and 5,000 shares disposed (derivative-related).
  • The 414-share disposition was to satisfy tax withholding on vested shares. Separately, 5,000 shares were recorded as disposed because performance-based restricted stock units (PRSUs) from a 2023 grant did not vest. On Jan 27 Buonaiuto was recorded as acquiring 7,040 shares as part of a grant/conversion of equity awards (no cash price reported).

Key Details

  • Transaction dates/prices:
    • 2026-01-26: 414 shares withheld for taxes at $16.10/share (cash value $6,665). (Code F)
    • 2026-01-27: Grant/Award of 7,040 shares (no price reported). (Code A)
    • 2026-01-27: Exercise/conversion — 5,000 shares disposed (derivative; non-vested PRSUs cancelled). (Code M)
    • 2026-01-27: Exercise/conversion — 7,040 shares acquired (derivative conversion; no price reported). (Code M)
  • Shares owned after the transactions are not stated in the filing. The filing notes shares held in the Flushing Bank 401(k) Savings Plan as of 1/27/26.
  • Relevant footnotes from the filing:
    • F1: Shares withheld to satisfy taxes upon vesting.
    • F2: Grant of RSUs that cliff-vest after three years.
    • F3: Shares held in Flushing Bank 401(k) Savings Plan as of 1/27/26.
    • F4: The 5,000-share disposition resulted from non-vesting of PRSUs from the Jan 26, 2023 grant (performance criteria not met).
    • F5: Grant of PRSUs at target level that cliff-vest after a three-year performance period if metrics are achieved.
  • Filing timeliness: Form 4 was filed 2026-01-28 for transactions dated 2026-01-26 and 2026-01-27; this appears to be a timely filing.

Context

  • The 414-share disposition was a withholding to cover taxes on vested awards — a routine administrative transaction, not an open-market sale. The 5,000-share disposition reflects forfeiture/non-vesting of PRSUs due to missed performance targets, not a sale. The acquisitions recorded on 1/27 are equity awards/derivative conversions (RSUs/PRSUs) rather than purchases with cash; these awards vest subject to time and/or performance conditions.