Schulman Matthew G 4

What Happened

• Matthew G. Schulman, EVP and President of Needham Private Bank (a unit of NB Bancorp, Inc.), was granted 6,980 shares of restricted stock on March 9, 2026. The Form 4 reports an acquisition price of $0, so the transaction value on the filing is $0. This is an award/compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-30 (appears to be filed late relative to the 2-business-day Form 4 deadline).
• Reported acquisition: 6,980 restricted shares at $0.00 per share (total $0 reported).
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares vest 33 1/3% per year beginning March 9, 2027 (three-year vesting schedule).
• No 10b5-1 plan, tax withholding, or cashless sale noted in the filing.

Context

• Restricted stock awards are compensation and vest over time; they do not represent an immediate open-market purchase or sale and should be viewed as part of executive pay rather than a direct signal of buying/selling intent. The late filing means the transaction was reported after the typical two-business-day window for Form 4s.