Jacobs William R. 4

What Happened William R. Jacobs, Executive Vice President & Principal Accounting Officer of Northfield Bancorp, reported multiple dispositions to the issuer on 2026-07-20. Transactions listed: 64,947.00 shares, 38,613.64 shares, 12,949.11 shares, and a derivative disposition of 15,888 shares (total = 132,397.75 shares). Prices and total cash values are shown as N/A in the filing. All transactions are reported as dispositions to the issuer (Form 4 code D).

Key Details

• Transaction date: 2026-07-20; all four dispositions occurred that day.
• Shares disposed: 64,947.00 + 38,613.64 + 12,949.11 + 15,888 (derivative) = 132,397.75 shares (reported).
• Price/value: N/A in the filing (no cash amount reported).
• Shares owned after transaction: not provided in the excerpt of the filing.
• Footnotes of the filing:
  • F1: Per the Merger Agreement (Columbia Financial / Newco merger), each Northfield common share was converted into the right to receive either 1.425 shares of Newco common stock or $14.25 in cash.
  • F2: Each restricted stock unit (RSU) was converted into the right to receive 1.425 units to be settled in cash based on Newco’s closing price on vesting.
• Filing timeliness: Form filed 2026-07-20 for transactions on 2026-07-20 — appears to be timely.

Context

• “Disposition to issuer” (code D) typically means shares were turned in or surrendered back to the company/issuer rather than sold on the open market. In this case the footnotes tie the transactions to the announced merger mechanics (conversion/settlement under the Merger Agreement).
• The 15,888-figure is a derivative/RSU-related disposition; per footnote F2 these RSUs were converted into settlement rights tied to Newco stock price and will be settled in cash.
• The filing shows no open-market purchase activity by the insider; these actions are procedural in nature given the merger disclosures rather than a typical sale for personal liquidity.