Kulkarni Rachana A 4/A
Research Summary
AI-generated summary
Northfield Bancorp (NFBK) Director Rachana Kulkarni Receives RSU Award
What Happened
- Rachana A. Kulkarni, a director of Northfield Bancorp, Inc., received an award of 4,383 restricted stock units (reported as a derivative acquisition, transaction code A) on February 4, 2026. The filing lists a $0.00 per-unit acquisition price in the Form 4 table because these are RSUs (contingent awards), not purchased shares.
Key Details
- Transaction date: 2026-02-04 (Form 4 filed 2026-02-06; this is an amended filing).
- Reported amount: 4,383 restricted stock units (derivative securities).
- Reported price: $0.00 per unit in the filing (typical for awards/RSUs).
- Footnotes: F1 — each RSU entitles the holder to a cash payment equal to the value of one share at vesting; F2 — award vests one year from grant (i.e., around 2027-02-04).
- Shares owned after transaction: not specified in the provided summary of this Form 4.
- Timeliness: filing appears within the normal two-business-day window and is marked as an amended filing (no indication of a late report).
Context
- These RSUs are a compensation award (not a market purchase or sale). They represent a contingent right to a cash payout tied to Northfield Bancorp’s share price at vesting and do not convey immediate share ownership or a direct buy/sell market signal. Amended filings typically correct or clarify prior filings; no inference about intent should be drawn from the award itself.