Grasso Maria A 4

What Happened

• Maria A. Grasso, Senior EVP & COO of Flushing Financial (FFIC), reported a mix of award, conversion/exercise, and tax-withholding transactions. On 1/26/2026 the company withheld 720 shares to satisfy tax obligations related to vesting (720 shares x $16.10 = $11,592). On 1/27/2026 she was granted 7,590 RSUs and reported the exercise/conversion of derivative awards that resulted in 7,590 acquired shares and 8,700 shares disposed (derivative-related).

Key Details

• Transaction dates: 2026-01-26 (tax withholding) and 2026-01-27 (grant and derivative conversion/exercise).
• Tax-withholding sale: 720 shares withheld at $16.10, net value $11,592 (code F — withholding to satisfy taxes).
• Grants/derivatives: 7,590 RSUs awarded (code A); derivative exercises/conversions on 1/27/2026 showing 8,700 shares disposed and 7,590 shares acquired (code M; treated as derivative activity).
• Footnotes of note:
  • F1: Shares were withheld to satisfy taxes on vesting.
  • F2: The 7,590 RSU grant cliff vests at the end of a three-year period.
  • F4: The 8,700-share disposition resulted from non-vesting (forfeiture) of an equal number of PRSUs from a Jan 26, 2023 grant due to performance metrics not being met.
  • F5: A grant of PRSUs (at target) that will cliff vest after a three‑year performance period if metrics are met.
  • F3: Some shares are held in the Flushing Bank 401(k) savings plan as of 1/27/2026.
• Shares owned after the transactions: Not specified in the filing.
• Filing timeliness: Form 4 was filed 2026-01-28 for activity on 1/26–1/27/2026 (appears timely).

Context

• The tax-withholding (720 shares) is a routine disposition to cover tax liabilities upon vesting and is not an open-market sale signaling sentiment.
• The 7,590 RSU award and PRSU-related activity are long-term compensation measures (cliff vesting over three years or contingent on performance), so these reflect standard executive compensation rather than an immediate market purchase.
• The derivative entries indicate conversion/exercise and partial forfeiture tied to prior performance-based awards — read as administrative/compensation adjustments rather than discretionary buying or selling.