Northfield Bancorp (NFBK) EVP William Jacobs Receives Award

What Happened William R. Jacobs, Executive Vice President & Principal Accounting Officer of Northfield Bancorp, received a grant of 7,944 restricted stock units (RSUs) on February 4, 2026. The award is recorded at an implied price of $13.69 per unit, for a total grant value of $108,753. This was an award/grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date and terms: 7,944 RSUs granted on 2026-02-04 at $13.69 per unit (total $108,753).
• Shares owned after transaction: not specified in this Form 4.
• Vesting and settlement: F1 — RSUs vest in three equal annual installments beginning one year after the grant date. F2 — each RSU is a contingent right to receive cash equal to one share of common stock (cash-settled).
• Filing timeliness: Form 4 filed 2026-02-05, one day after the transaction (appears timely).
• Other note: F3 appears in the filing indicating certain transactions may not be required to be reported under Section 16; this grant itself is reported here.

Context Restricted stock unit grants are a form of compensation and, in this case, are cash-settled and subject to multi-year vesting, so they do not represent an immediate purchase or sale of company stock. Such awards are routine for executives and reflect compensation arrangements rather than direct market bets.