Northfield Bancorp, Inc.·4/A

Feb 6, 6:12 PM ET

Harrison Timothy C 4/A

Research Summary

AI-generated summary

Updated

Northfield Bancorp (NFBK) Director Timothy C. Harrison Receives RSU Award

What Happened

Timothy C. Harrison, a director of Northfield Bancorp, Inc. (NFBK), received a grant of 4,383 restricted stock units (RSUs) on 2026-02-04. The award is recorded as a derivative acquisition at $0.00 per unit (total $0 at grant). These RSUs are cash‑settled — each unit entitles Harrison to receive cash equal to the value of one share of common stock on the vesting date. The award vests one year from the grant date.

Key Details

  • Transaction date: 2026-02-04; Form 4 filed (amended) on 2026-02-06.
  • Grant type: Award/Grant (code A) for 4,383 RSUs at $0.00 (derivative).
  • Vesting: Award vests one year from grant (Footnote F2).
  • Settlement: Cash‑settled RSUs — each unit converts to a cash payment equal to the stock value at vesting (Footnote F1).
  • Shares owned after transaction: Not specified in the supplied filing details.
  • Timeliness: This is an amended Form 4 filed two days after the transaction; appears within the typical two‑business‑day filing window.

Context

Cash‑settled RSUs do not immediately transfer company stock to the insider; they create a contingent right to receive cash based on future share value at vesting. Such grants are typically part of regular director compensation and are different from open‑market purchases or sales, so they don't directly signal a buy/sell decision by the insider. This Amended Form 4 updated the original filing details.