Smith Lee Matthew 4
4 · NEW YORK COMMUNITY BANCORP INC · Filed Dec 5, 2022
Insider Transaction Report
Form 4
Smith Lee Matthew
SEVP & Chief Financial Officer
Transactions
- Award
Common Stock
2022-12-01+1,399,610→ 1,399,610 total - Award
Common Stock
2022-12-01+367,248→ 367,248 total(indirect: By Stock Award) - Tax Payment
Common Stock
2022-12-01$9.19/sh−17,882$164,336→ 1,381,728 total
Footnotes (3)
- [F1]Acquired pursuant to the Agreement and Plan of Merger, dated as of April 24, 2021, as amended (the "Merger Agreement"), by and between New York Community Bancorp, Inc. ("NYCB") and Flagstar Bancorp, Inc. ("Flagstar") pursuant to which Flagstar merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, at the Effective Time of the Merger each share of Flagstar common stock issued and outstanding prior to the Effective Time was converted into the right to receive 4.0151 (the "Exchange Ratio") shares of NYCB common stock (the "Merger Consideration") and cash in lieu of fractional shares, if applicable. On December 1, 2022 the closing price of Flagstar's common stock was $37.54 per share, and the closing price of NYCB's common stock was $9.19 per share. (Continued in Remarks section below.)
- [F2]Total includes service based restricted stock units that will vest in shares of NYCB common stock over the passage of time.
- [F3]367,248 shares granted under Stock Award on December 1, 2022 pursuant to the Flagstar Bancorp, Inc. 2016 Stock Award and Incentive Plan, which was assumed by New York Community Bancorp, Inc. pursuant to the terms of the Merger Agreement, will vest in five approximately equal annual installments commencing on December 1, 2023.