Fasanella David 4

What Happened

• David Fasanella, Executive Vice President of Northfield Bancorp (NFBK), had shares disposed to satisfy tax obligations in connection with the exercise of stock appreciation rights (SARs). He surrendered/sold 893 shares on 2026-01-27 at $11.99 each ($10,707) and 453 shares on 2026-01-29 at $12.15 each ($5,504), totaling 1,346 shares and about $16,211.

Key Details

• Transaction dates and prices:
  • 2026-01-27: 893 shares sold @ $11.99 — proceeds $10,707 (footnote F1)
  • 2026-01-29: 453 shares sold @ $12.15 — proceeds $5,504 (footnote F2)
• Combined shares disposed: 1,346; combined proceeds: ~$16,211.
• Shares owned after transaction: not specified in the excerpt of the filing.
• Footnotes: F1 — shares sold to satisfy tax obligations from SAR exercises; F2 — reflects transactions not required to be reported under Section 16.
• No late filing is indicated on the provided Form 4 (filing date 2026-01-29; report period includes 2026-01-27).

Context

• These were tax-withholding/share-withholding actions tied to exercising stock appreciation rights (a form of derivative). The shares were disposed to cover tax liabilities (a routine administrative/withholding transaction), not an open-market sale for investment purposes. Such transactions are common after option or SAR exercises and do not by themselves indicate a change in the insider's longer-term view.