OTT AIMEE K 4
Research Summary
AI-generated summary
QNTO EVP Aimee K. Ott Sells 304 Shares to Cover Taxes
What Happened
- Aimee K. Ott, EVP and Corporate Secretary of Quaint Oak Bancorp, Inc. (QNTO), disposed of 304 shares on May 10, 2026 at $17.54 per share for gross proceeds of approximately $5,332. The transaction is reported as a disposition to meet tax obligations (Form 4 code F).
Key Details
- Transaction date and price: May 10, 2026 — 304 shares at $17.54 per share (total ≈ $5,332).
- Transaction type: F — shares disposed to satisfy tax withholding for a stock benefit distribution (not an open-market sale intended as investment action).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing: Reported on May 12, 2026 for a May 10 transaction — appears timely (Form 4 is generally due within two business days).
- Relevant footnotes: F1 confirms the disposition was solely to meet tax obligations; other footnotes (F2–F7) in the filing describe various grants, vesting schedules, and plan-allocated shares (e.g., 2023 Stock Incentive Plan grants, 401(k) and ESOP allocations).
Context
- Tax-withholding dispositions are routine administrative transactions. Because these shares were surrendered to cover tax liabilities from a stock benefit, this action is not the same signal as a voluntary open-market sale and should be interpreted accordingly by retail investors.