Lefkowitz Robin 4/A
Research Summary
AI-generated summary
Northfield Bancorp (NFBK) EVP Robin Lefkowitz Receives Award
What Happened
Robin Lefkowitz, Executive Vice President of Northfield Bancorp (NFBK), was granted 13,879 restricted stock units (RSUs) on February 4, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (typical for RSU grants); the RSUs are cash‑settled rights to an amount equal to the issuer's common stock value at vesting. This filing is an amended Form 4 submitted February 6, 2026.
Key Details
- Transaction date: 2026-02-04; filing (amended): 2026-02-06.
- Transaction type/code: Grant/Award (A); 13,879 restricted stock units; reported price $0.00.
- Derivative nature: RSUs are cash‑settled (each unit is a contingent right to receive cash equal to one share's value at vesting) — footnote F2.
- Vesting: RSUs vest in three equal annual installments beginning one year after grant — footnote F3.
- Footnote F1: Notes certain transactions reflected are not required to be reported under Section 16.
- Shares owned after transaction: not stated in this filing.
Context
RSU grants are a form of compensation and do not represent an open‑market purchase or sale by the insider. Because these RSUs are cash‑settled and subject to multi‑year vesting, they do not by themselves indicate immediate insider buying or selling intent. The amended filing likely corrects or clarifies prior reporting details; it does not change the fact that this was a compensation award.