Seneca Bancorp (SNNF) Chief Banking Officer Testani Receives Award

What Happened
Angelo Testani, Chief Banking Officer of Seneca Bancorp, was granted 1,000 shares of restricted common stock on 2026-08-21. The grant was reported as an acquisition at $0.00 per share (total reported value $0), reflecting a compensation award rather than a purchase.

Key Details

• Transaction date: 2026-08-21; Form 4 filed 2026-08-24.
• Security: 1,000 shares of restricted common stock; acquisition price $0.00; reported total $0.
• Vesting: Shares vest at 20% per year commencing August 21, 2027 (per footnote).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: filing date provided; no late-filing flag was included in the summary information supplied.

Context
This was a standard restricted stock award as part of executive compensation. Because the shares were granted at no cash cost and vest over multiple years, the grant is primarily a retention/incentive vehicle and does not represent an open-market purchase or sale.