4Filed Jul 28, 8:00 PM ET

NorthEast Community Bancorp (NECB) EVP/CFO Donald S. Hom Sells 3,000 Shares

$NECB · NorthEast Community Bancorp, Inc./MD/

Research Summary

AI-generated summary of this SEC filing

Updated

NorthEast Community Bancorp (NECB) EVP/CFO Donald S. Hom Sells 3,000 Shares

What Happened
Donald S. Hom, EVP and Chief Financial Officer of NorthEast Community Bancorp (NECB), sold 3,000 shares in an open-market transaction on July 29, 2026. The shares were reported disposed at a price of $27.20 per share for reported proceeds of $81,593.

Key Details

  • Transaction date and price: July 29, 2026 — 3,000 shares sold at $27.20 per share (reported proceeds $81,593).
  • Transaction type: Open-market sale (Form 4 code S).
  • Shares owned after transaction: Not specified in the excerpt of this filing.
  • Footnotes in the filing:
    • F1: Stock awards under the 2022 Equity Incentive Plan vest in five approximately equal annual installments beginning Nov 17, 2023.
    • F2: Stock options under the 2022 Equity Incentive Plan vest in five approximately equal annual installments beginning Nov 17, 2023.
  • Filing timeliness: Reported on July 29, 2026 (same-date period of report), indicating a timely Form 4 filing; no 10b5-1 plan or other trading plan was disclosed in this filing.

Context
This was a straight sale of shares rather than an exercise of options or a grant/award. Sales by officers are common and do not necessarily signal a view on the company’s prospects; purchases are typically more informative about insider sentiment. The vesting footnotes indicate outstanding equity awards/options subject to multi-year vesting schedules, which can be a source of future share sales as they vest.