Patafio Frank P. 4
4 · Northfield Bancorp, Inc. · Filed Jul 20, 2026
Research Summary
AI-generated summary of this filing
Northfield Bancorp (NFBK) Director Frank P. Patafio Sells 271,745 Shares
What Happened
- Frank P. Patafio, a director of Northfield Bancorp, disposed of a total of 271,745 company-related shares on July 20, 2026. The filing shows two dispositions: 267,362 shares (common stock) and 4,383 derivative units. No per-share price or total dollar value is reported in the Form 4 (price listed as N/A).
- These dispositions were reported as "to the issuer" (disposition code D) and are tied to the January 31, 2026 Merger Agreement between Northfield and Newco; they reflect conversion/settlement events related to that merger rather than an open-market sale.
Key Details
- Transaction date: 2026-07-20 (both entries); filing date: 2026-07-20.
- Shares disposed: 267,362 common shares; 4,383 derivative units (total 271,745). Price: N/A in the filing; total value: N/A.
- Footnote F1: Each outstanding Northfield common share was converted into the right to elect either 1.425 shares of Newco common stock or $14.25 in cash per share under the Merger Agreement.
- Footnote F2: Each restricted stock unit (RSU) was converted into the right to receive 1.425 units that will be settled in cash based on Newco’s closing price on the vesting date.
- Shares owned after the transactions are not provided in the supplied filing data.
- Filing was submitted on the same date as the transactions (no late filing indicated).
Context
- The "to the issuer" dispositions here appear to be merger-related conversions/settlements (including converted RSUs) rather than routine open-market sales. The derivative entry reflects RSU conversion to a cash/stock-settlement right under the merger terms.
- For retail investors: merger conversions often result in insider filings showing large dispositions but do not necessarily reflect a director selling into the market; check whether holders elected cash or stock (and any subsequent Form 4s) for the economic impact.
Insider Transaction Report
Form 4Exit
Patafio Frank P.
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-07-20−267,362→ 0 total - Disposition to Issuer
Restricted Stock Units
[F2]2026-07-20−4,383→ 0 total→ Common Stock (4,383 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of January 31, 2026, by and among Columbia Financial, Inc., a Delaware corporation, Columbia Financial, Inc., a Maryland corporation (Newco), Columbia Bank MHC and Northfield Bancorp, Inc. (Merger Agreement), at the effective time of the merger between Northfield Bancorp, Inc, and Newco, each issued and outstanding share of Northfield Bancorp, Inc. common stock was converted into the right to receive, at the election of the holder, either (i) 1.425 shares of Newco common stock or (ii) $14.25 in cash.
- [F2]Pursuant to the Merger Agreement, each restricted stock unit was converted into the right to receive 1.425 units that will be settled in cash based on the closing price of Newco common stock on the day of vesting.
Signature
/s/ William R. Jacobs, pursuant to Power of Attorney|2026-07-20