Seneca Bancorp (SNNF) EVP/CFO Angela Krezmer Receives Award

What Happened

• Angela M. Krezmer, Executive Vice President and Chief Financial Officer of Seneca Bancorp (SNNF), received equity awards on August 21, 2026. The Form 4 reports a grant of 1,000 restricted common shares priced at $0.00 (total reported value $0) and a separate derivative award listed as N/A shares at $0.00 (derivative details not quantified in the filing). These are grants/awards (code A), not open-market purchases or sales.

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 24, 2026 (filed within the standard reporting window).
• Awarded: 1,000 restricted stock shares @ $0.00; additional derivative award reported as N/A shares @ $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Restricted stock vests 20% per year starting August 21, 2027 (5-year vesting schedule).
  • F2: Stock options (derivative award) vest 20% per year starting August 21, 2027.
• This filing reports grants (compensation), not purchases or sales; no 10b5-1 plan or tax-withholding flags noted.

Context

• These awards are time-based equity compensation typical for executives; restricted shares and options generally cannot be sold until they vest and may be forfeited if employment ends. Because the grants are recorded at $0.00, there was no cash exchanged by the insider at grant.
• For retail investors: awards signal company compensation to management but are not an immediate market signal like an insider purchase or sale.