BUONAIUTO THOMAS 4
Research Summary
AI-generated summary
Flushing Financial (FFIC) SEVP Thomas Buonaiuto Sells Shares
What Happened
- Thomas Buonaiuto, Senior Executive Vice President (SEVP) of Flushing Financial Corp (FFIC), sold a total of 2,881 shares in two open‑market dispositions. The filing lists:
- 1,311 shares sold on 2026-01-30 at $15.67 each (proceeds $20,543)
- 1,570 shares sold on 2026-02-02 at $16.20 each (proceeds $25,434)
- Total reported proceeds across both transactions: approximately $45,977. These were sales (not purchases), which are often routine insider liquidity events and do not by themselves indicate the insider’s view on the company.
Key Details
- Transaction dates and prices: 2026-01-30 (1,311 @ $15.67); 2026-02-02 (1,570 @ $16.20). Filing accession: 0001202056-26-000004; Form 4 filed 2026-02-03.
- Total shares sold: 2,881; total proceeds: ~$45,977.
- Footnotes in the filing:
- F1: states all shares sold at $15.68.
- F2: indicates a weighted average sale price.
- F3: some shares are held by the insider’s spouse.
- F4: some shares are held in a Flushing Bank 401(k) as of 2/2/26.
- Shares owned after the transaction are not specified in the provided excerpt.
- Timing: The Form 4 was filed on 2026-02-03 covering transactions through 2026-02-02; no late-filing flag was provided in the supplied data.
Context
- Sales by executives are common for personal liquidity, tax planning, or 10b5‑1 plans; the filing does not indicate a purchase or award that would more clearly signal insider confidence.
- Footnotes about spouse and 401(k) holdings mean some reported ownership is indirect or held in retirement accounts; these are disclosures of ownership status, not additional purchases or gifts.