Burrowes Astrid 4
Research Summary
AI-generated summary
Flushing Financial (FFIC) EVP Astrid Burrowes Withholds 311 Shares
What Happened
- Astrid Burrowes, Executive Vice President of Flushing Financial Corp. (FFIC), had 311 shares withheld on January 28, 2026 to satisfy tax withholding related to vested equity. The withholding was recorded at $15.54 per share, a total value of approximately $4,833.
- This was a tax-withholding disposition (Form 4 code F), not an open-market sale or purchase — a routine administrative action when awards vest.
Key Details
- Transaction date and price: 2026-01-28 at $15.54 per share.
- Shares withheld: 311; value ≈ $4,833.
- Transaction code: F — shares withheld to satisfy tax liability upon vesting (Footnote F1).
- Shares owned after transaction: Not disclosed in the filing.
- Filing date: Form filed 2026-01-30 covering the 1/28/2026 transaction.
- Additional note: Footnote F2 indicates shares held in the Flushing Bank 401(k) Savings Plan as of 1/27/2026.
Context
- Withholding shares to cover taxes is a common, routine administrative step when equity awards vest (a form of "cashless" settlement). It does not represent a market sale decision by the insider and should not be taken as a buy/sell signal on its own.