GONZALEZ WILLIAM R 4
4 · QUAINT OAK BANCORP, INC. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Quaint Oak (QNTO) President William R. Gonzalez Sells 304 Shares
What Happened
William R. Gonzalez, President and a director of Quaint Oak Bancorp, sold/was deemed to have disposed of 304 shares at $17.54 per share on May 10, 2026, for a total of about $5,332. The filing indicates this disposition was solely to satisfy a tax obligation tied to a distribution from a stock benefit plan (transaction code F).
Key Details
- Transaction date: May 10, 2026; reported on Form 4 filed May 12, 2026 (timely).
- Price and proceeds: 304 shares at $17.54/share → ≈ $5,332.
- Transaction code: F — shares surrendered to cover tax withholding for a stock benefit distribution (per footnote F1).
- Shares owned after the transaction: not specified in the summary information provided.
- Related footnotes: grant and vesting details referenced (F2–F7) describe various stock awards and vesting schedules held by the reporting person and plan accounts.
Context
This was a tax-withholding disposition (shares surrendered to meet tax obligations on a benefit distribution), a routine administrative transaction and not an open-market sale that necessarily signals a change in the insider’s view of the company. For retail investors, outright purchases by insiders tend to be more informative than withholding sales; this filing primarily documents compensation plan mechanics and tax compliance.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-10$17.54/sh−304$5,332→ 16,054 total
- 18,749.422(indirect: By 401(k))
Common Stock
[F3] - 13,090.886(indirect: By ESOP)
Common Stock
[F4] - 1,203.125(indirect: By Spouse)
Common Stock
[F4] - 11,220
Employee Stock Option (Right to Buy)
[F5]Exercise: $13.30From: 2023-05-09Exp: 2028-05-09→ Common Stock (11,220 underlying) - 7,000
Employee Stock Option (Right to Buy)
[F6]Exercise: $10.15Exp: 2035-09-05→ Common Stock (7,000 underlying) - 15,000
Employee Stock Option (Right to Buy)
[F7]Exercise: $18.00Exp: 2033-05-10→ Common Stock (15,000 underlying)
Footnotes (7)
- [F1]Disposition solely to meet tax obligation for distribution from stock benefit plan.
- [F2]Includes 2,000 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan that vest ratably over five years at 20% per year commencing on September 5, 2026 and 1,800 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 4,500 shares that commenced vesting at a rate of 20% per year on May 10, 2024.
- [F3]Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated May 11, 2026.
- [F4]Includes shares allocated to the reporting person's and the reporting person's spouse's ESOP account since the last filed Form 4.
- [F5]The options vested at a rate of 20% per year commencing on May 9, 2019 and were fully vested as of May 9, 2023.
- [F6]The options are vesting at a rate of 20% per year commencing on September 5, 2026.
- [F7]The options are vesting at a rate of 20% per year commencing May 10, 2024.