Tomasello Vickie 4
Research Summary
AI-generated summary
Northfield Bancorp (NFBK) EVP Vickie Tomasello Disposes Shares
What Happened
- Vickie Tomasello, Executive Vice President and Chief Risk Officer of Northfield Bancorp, reported dispositions on 2026-07-20: 9,070 shares surrendered to the issuer, 1,138.07 shares surrendered to the issuer, and 12,966 derivative units disposed (related to restricted stock units). No per-share sale price is reported on the Form 4.
- These dispositions were made in connection with the merger between Northfield Bancorp and Newco (Columbia Financial, Inc. newco). Under the merger agreement, each Northfield common share was converted into the right to receive either 1.425 shares of Newco common stock or $14.25 in cash; restricted stock units were converted into rights that will be settled in cash based on Newco’s closing price on vesting.
Key Details
- Transaction date: 2026-07-20. Transaction type: Disposition to issuer (D). Reported prices: N/A on filing.
- Total reported surrendered: 9,070 + 1,138.07 common-share dispositions and 12,966 derivative (RSU-related) units — ~23,174.07 total units affected.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 describes the merger conversion (1.425 Newco shares or $14.25 cash per Northfield share). F2 explains RSUs were converted into cash-settled units tied to Newco stock price at vesting.
- Filing timeliness: Form filed with the 2026-07-20 report date; no late filing is indicated.
Context
- These were corporate-merger conversions/surrenders to the issuer rather than open-market sales. Such merger-related dispositions reflect the deal mechanics (conversion/settlement) and do not necessarily signal the insider’s personal trading intent.
- If holders elected the cash option, the stated cash alternative was $14.25 per Northfield share; RSU conversions will be settled in cash based on Newco’s closing price at vesting.