Klein Steven M 4

What Happened Steven M. Klein, Chairman, President & CEO (and a director) of Northfield Bancorp, disposed of a total of 3,312 shares to satisfy tax obligations tied to the exercise of stock appreciation rights (SARs). On Jan 27, 2026 he transferred/sold 2,187 shares at $11.99 for $26,222; on Jan 29, 2026 he transferred/sold 1,125 shares at $12.15 for $13,669. Combined proceeds from these disposals were about $39,891. These were tax-withholding/cashless-type dispositions (not an open-market sale for investment purposes).

Key Details

• Transaction dates and prices:
  • 2026-01-27: 2,187 shares @ $11.99 = $26,222 (disposed to satisfy tax liability)
  • 2026-01-29: 1,125 shares @ $12.15 = $13,669 (disposed to satisfy tax liability)
• Total shares disposed: 3,312; total proceeds ≈ $39,891.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Shares sold to satisfy tax obligations in connection with exercise of stock appreciation rights (SARs).
  • F2: Indicates certain transactions not required to be reported under Section 16 of the Exchange Act.
• Filing timing: Form 4 was filed Jan 29, 2026 reporting transactions through Jan 27, 2026 (appears timely based on provided dates).

Context These transactions reflect shares withheld/sold to cover taxes upon exercise of SARs (a routine corporate compensation event), rather than a discretionary market sale signaling a change in investment view. For derivative exercises like SARs, insiders commonly have shares withheld or sold to satisfy withholding taxes; such actions are procedural and do not necessarily indicate positive or negative sentiment about the company.