Zink Gregory L 4
Research Summary
AI-generated summary
NewtekOne (NEWT) Director Gregory L. Zink Receives Restricted Stock Award
What Happened
- Gregory L. Zink, a director of NewtekOne, Inc. (NEWT), was granted 1,825 restricted shares of common stock as an award (Form 4 transaction code A). The award is valued at $13.70 per share, for a total grant value of $25,003. The filing reports the transaction on June 16, 2026 (Form 4 filed June 18, 2026).
Key Details
- Transaction date reported: 2026-06-16 (footnote states the grant was made on June 12, 2026).
- Price per share: $13.70; Total value: $25,003.
- Vesting: 100% of the 1,825 shares vest after 12 months from the grant date.
- Dividends: Dividends will be paid in the form of common stock during the restricted period, and those dividend shares will vest according to the same vesting schedule (per footnote F1).
- Filing timeliness: Form 4 was filed on 2026-06-18 and appears to be within the typical 2-business-day reporting window.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- This is a restricted stock award (compensation), not an open-market purchase or sale. Such grants are common for directors as part of compensation and do not necessarily signal immediate bullish or bearish sentiment.
- The shares are subject to a one-year vesting period, so they are not immediately liquid. The inclusion of dividend shares that also vest indicates ongoing compensation value during the restricted period.