Lapointe Jean-Pierre 4
Research Summary
AI-generated summary
NB Bancorp (NBBK) CFO Jean-Pierre Lapointe Buys 1,000 Shares
What Happened
Jean-Pierre Lapointe, Senior Executive Vice President and Chief Financial Officer of NB Bancorp (NBBK), reported a purchase of 1,000 common shares on 2026-03-09. The shares were acquired at $20.42 per share, for a total reported purchase value of $20,420. The filing lists the transaction type as a purchase (code P) described as an "open market or private purchase."
Key Details
- Transaction date and price: 2026-03-09 — 1,000 shares @ $20.42 each (total $20,420).
- Transaction code: P (purchase), described in the filing as "open market or private purchase."
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: Includes restricted stock that vests 20% per year beginning April 24, 2026.
- F2: Includes restricted stock that vests 33 1/3% per year beginning February 25, 2027.
- Filing timeliness: Reported on the same day (filed 2026-03-09 for period 2026-03-09), indicating a timely Form 4.
Context
A direct purchase by a company officer is typically viewed as a routine insider purchase rather than a sale-driven liquidity event; it represents a modest financial commitment ($20.4k) by the CFO. The restricted-stock footnotes indicate some holdings are subject to multi-year vesting schedules, which is common for executive compensation. This filing contains no indication of option exercises, gifts, tax withholding, or a 10% owner transaction.