Grasso Maria A 4
4 · FLUSHING FINANCIAL CORP · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Flushing Financial (FFIC) COO Maria Grasso Withholds 513 Shares for Taxes
What Happened Maria A. Grasso, Senior EVP and Chief Operating Officer of Flushing Financial Corp (FFIC), had 513 shares withheld to satisfy tax obligations upon vesting. The shares were valued at $15.54 each, for a total of approximately $7,972. This was a withholding (disposition) to cover taxes, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (timely filing).
- Action/code: F — payment of exercise price or tax liability (shares withheld).
- Quantity and value: 513 shares withheld at $15.54 per share, total ≈ $7,972.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 – shares withheld to satisfy taxes upon vesting; F2 – shares held in Flushing Bank 401(k) Savings Plan as of 1/27/2026.
- This was a tax-withholding disposition, not a market sale (no 10b5-1 or sale reported).
Context Share withholding to meet tax obligations is a common administrative action following vesting of awards and generally does not signal a change in insider sentiment like an open-market sale or purchase might. For option/award-related transactions, this is effectively a cashless withholding to cover taxes rather than a deliberate sale for proceeds.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-27$15.54/sh−513$7,972→ 94,731 total
- 16,165(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [F1]Shares withheld to satisfy taxes upon vesting.
- [F2]Shares held in Flushing Bank 401(k) Savings Plan a/o 1/27/2026.