Kulkarni Rachana A 4

What Happened

• Rachana A. Kulkarni, a director of Northfield Bancorp, was granted 4,383 restricted stock units (RSUs) on 2026-02-04. The grant price used in the filing is $13.69 per unit, for a grant value of approximately $60,003.
• This was an award/compensation grant (code A), not an open-market purchase or sale. The award vests one year from the grant date and is cash-settled (each RSU represents a contingent right to receive cash equal to the value of one share).

Key Details

• Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-05).
• Grant: 4,383 RSUs at $13.69 per unit; total grant value ≈ $60,003.
• Vesting: Award vests one year from grant date (Footnote F1).
• Settlement: Each RSU represents a contingent right to receive cash equal to one share’s value (cash-settled RSUs) (Footnote F2).
• Shares/units owned after transaction: not specified in the provided filing summary.
• Timeliness: Form 4 filed the day after the transaction (appears timely).

Context

• RSU grants are standard compensation for executives and directors and do not reflect an open-market purchase or sale. Because these RSUs are cash-settled and vest in a year, they provide future cash tied to NFBK’s share price at payout rather than immediate stock ownership.