Jacobs William R. 4
Research Summary
AI-generated summary
Northfield Bancorp EVP William R. Jacobs Sells Shares
What Happened
William R. Jacobs, Executive Vice President & PAO of Northfield Bancorp (NFBK), disposed of a total of 2,863 shares in two transactions to satisfy tax obligations tied to an equity award. On Jan 24, 2026 he disposed 1,618 shares at $11.89 each for $19,238, and on Jan 26, 2026 he disposed 1,245 shares at $11.89 each for $14,803 — combined proceeds ≈ $34,041. These were disposals to cover tax withholding (footnote F1), not open-market investment purchases.
Key Details
- Transaction dates and prices:
- 2026-01-24: 1,618 shares × $11.89 = $19,238 (Disposed)
- 2026-01-26: 1,245 shares × $11.89 = $14,803 (Disposed)
- Total shares disposed: 2,863; total proceeds ≈ $34,041.
- Shares owned after the transactions: not disclosed in the filing.
- Footnotes:
- F1: Shares were sold to satisfy tax obligations in connection with the vesting of an equity award.
- F2: Indicates certain transactions not required to be reported under Section 16.
- Filing info: Form filed 2026-01-27 reporting transactions dated 2026-01-24; the filing does not flag a late-report exception.
Context
These transactions are routine tax-withholding disposals tied to equity award vesting (effectively a cashless sell to cover taxes) rather than discretionary market sells indicating a trading view. Such transactions are common when restricted stock or vested awards trigger tax liability.