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FLUSHING FINANCIAL CORP·4

Jan 28, 7:39 PM ET

Kelly Theresa 4

Research Summary

AI-generated summary

Updated

Flushing Financial (FFIC) EVP Kelly Theresa Receives Awards, Sells 229 Shares

What Happened

  • Kelly Theresa, Executive Vice President of Flushing Financial Corp (FFIC), received equity awards and had a small tax-withholding disposition. On 2026-01-27 she was granted equity awards (RSUs/PRSUs) totaling 3,260 units (price N/A). On 2026-01-26, 229 shares were withheld to satisfy tax withholding at $16.10/share for a value of $3,687. The filing also shows an exercise/conversion-related pair of entries on 2026-01-27 for 1,840 shares (one entry disposed, one entry acquired); the disposed 1,840 resulted from non-vesting of an equal number of PRSUs from the January 26, 2023 grant.

Key Details

  • Dates and amounts:
    • 2026-01-26: 229 shares withheld @ $16.10 = $3,687 (tax withholding; transaction code F)
    • 2026-01-27: Grant of 3,260 RSUs (transaction code A; price N/A)
    • 2026-01-27: Exercise/conversion entries for 1,840 shares (transaction code M; one disposed due to non-vesting, one acquired; price N/A)
  • Shares owned after transaction: Not specified in the Form 4 filing.
  • Notable footnotes from the filing:
    • F1: Shares withheld to satisfy taxes upon vesting.
    • F2: RSU grant cliff vests at the end of a three-year period.
    • F3: Some shares reported as held in the Flushing Bank 401(k) plan as of 1/27/26.
    • F4: The 1,840-share disposition resulted from PRSUs from the 1/26/2023 grant failing to meet performance criteria (non-vest).
    • F5: New PRSU grant is at target level and will cliff vest after a three‑year performance period if metrics are met.
  • Filing timeliness: Report filed 2026-01-28 (covers transactions on 1/26–1/27/2026); filing appears timely.

Context

  • The grants are awards (RSUs and performance-based PRSUs) that vest over time and/or on meeting performance goals — not open-market purchases. The 229-share disposition was a routine tax-withholding action. The M-coded entries reflect conversion/exercise activity tied to performance-based awards; here an equal number of prior PRSUs did not vest and were cancelled, per the footnote. These items are commonly routine compensation actions rather than direct bullish/bearish signals.