Harrison Timothy C 4
Research Summary
AI-generated summary
Northfield Bancorp (NFBK) Director Timothy C. Harrison Receives Award
What Happened Timothy C. Harrison, a director of Northfield Bancorp, received a grant of 4,383 restricted stock units (RSUs) on 2026-02-04. The grant is reported at $13.69 per unit, totaling approximately $60,003. This transaction is an award (code A) — a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date and filing: Grant on 2026-02-04; Form 4 filed 2026-02-05 (timely filing).
- Quantity, price and value: 4,383 RSUs at $13.69 each; reported value ~$60,003.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: Award vests one year from grant date. Each RSU is a contingent right to receive cash equal to the value of one share of the issuer’s common stock (settles in cash, not shares).
- Transaction code: A = Award/Grant.
Context RSUs are a form of compensation that typically vest over time and, in this case, will settle in cash based on the company’s share price when paid. Because this is a compensation award and not an open-market purchase, it should be viewed as routine director compensation rather than a direct bullish or bearish trading signal.