Esquire Financial (ESQ) Director Leonard Caronia Receives Awards

What Happened
Leonard Caronia, a director of Esquire Financial Holdings, received a total of 111,696 shares on August 1, 2026 through awards and derivative conversions. The filing lists multiple awards: a large grant of 98,864 shares plus a series of smaller derivative awards (totaling 12 additional lots summing to 12,832 shares). No per-share price was reported (listed as N/A) because these were awards/conversions rather than open-market purchases.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 3, 2026 (timely).
• Transaction type: Award/Grant (code A). Price: N/A. Total shares acquired: 111,696.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes from the filing:
  • F1: Awards include conversion of Signature Bancorporation, Inc. shares under the March 11, 2026 merger; Signature shares converted into 2.671 Issuer shares, with cash paid for fractional shares.
  • F2: Options converted using the 2.671 multiplier; exercise price adjusted accordingly (rounded as noted).
  • F3: Some stock options are fully vested.
  • F4: Other stock options vest in five equal annual installments starting May 26, 2027.
• Filing timeliness: Filed two days after the transaction (within the Form 4 reporting window), so not marked late.

Context
These entries reflect merger consideration and converted option/award grants rather than open-market purchases or sales. Derivative entries indicate converted Signature shares/options under the merger terms (conversion ratio 2.671), and some converted options retain vesting schedules. Receiving shares by award or conversion is an acquisition for reporting purposes but is often transactional/compensatory (merger consideration or option conversion) rather than a direct bullish market purchase.