Quaint Oak Bancorp (QNTO) President William R. Gonzalez Sells 113 Shares
$QNTO · QUAINT OAK BANCORP, INC.Research Summary
AI-generated summary of this SEC filing
Quaint Oak Bancorp (QNTO) President William R. Gonzalez Sells 113 Shares
What Happened
William R. Gonzalez, President and Director of Quaint Oak Bancorp (and President & COO of its subsidiary Quaint Oak Bank), disposed of 113 shares on September 5, 2026 at $14.50 per share for a total of $1,639. The filing states this disposition was made solely to meet a tax obligation related to a distribution from a stock benefit plan (footnote F1). This was a routine sale for tax withholding rather than an open-market sell for investment purposes.
Key Details
- Transaction date and price: Sept 5, 2026 — 113 shares @ $14.50 = $1,639. (Transaction code: F — tax withholding)
- Reason: Footnote F1 — disposition solely to meet tax obligation for distribution from stock benefit plan.
- Filing date: Sept 9, 2026 — appears to meet the SEC Form 4 two-business-day filing requirement.
- Shares owned after transaction: Not specified in the provided filing.
- Other notable footnotes:
- F2: References unvested portions of grants under the 2023 Stock Incentive Plan (1,600 and 1,800 shares remaining from prior grants).
- F3: Includes shares acquired in the issuer’s 401(k) plan since the last Form 4 (report dated Sept 4, 2026).
- F4–F6: Describe various option vesting schedules (some options fully vested as of May 9, 2023; others vesting at 20% per year beginning May 10, 2024 or Sept 5, 2026).
Context
Code F transactions are tax-withholding dispositions tied to equity awards or distributions — common administrative transactions that do not necessarily indicate the insider’s view of the company. The amount here is small ($1.6K) and appears routine. The filing also documents a mix of vested and unvested stock awards and option vesting schedules for Gonzalez, which explain ongoing equity compensation rather than new open-market trades.