Seneca Bancorp (SNNF) SVP Jamie Nastri Receives Restricted Stock Award

What Happened Jamie Nastri, Senior Vice President — Operations at Seneca Bancorp (SNNF), was granted 1,000 restricted shares on August 21, 2026. The award was reported at $0.00 per share (nominal acquisition cost of $0). This is a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: August 21, 2026; Filing date (Form 4): August 24, 2026.
• Grant: 1,000 restricted shares at $0.00 per share (total reported acquisition value $0).
• Vesting: 20% of the shares vest per year commencing August 21, 2027 (implies ~200 shares vest annually over five years). (Footnote F1)
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 or tax-withholding note included in the filing; this appears to be a standard restricted stock grant.

Context Restricted stock awards are a common form of equity compensation that vest over time and typically align employee incentives with long-term shareholder value. Because these shares are subject to multi-year vesting, the grant reflects compensation arrangements rather than an immediate market bet by the insider.