SALUTE RICHARD J 4
Research Summary
AI-generated summary
NewtekOne (NEWT) Director Richard J. Salute Receives Award
What Happened
Richard J. Salute, a director of NewtekOne, was granted 1,825 restricted shares of common stock (transaction coded as an award) with an indicated per-share value of $13.70, for a total grant value of $25,003. The Form 4 reports the acquisition on 2026-06-16 (report filed 2026-06-18).
Key Details
- Transaction type: Restricted stock award (code A) — 1,825 shares acquired.
- Reported transaction date: 2026-06-16; grant date per footnote: 2026-06-12.
- Reported value: $13.70 per share; total $25,003.
- Vesting: 100% of the shares vest after 12 months (per footnote).
- Dividends: Dividends during the restricted period will be paid in common stock and such shares will vest according to the vesting schedule.
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Reported on 2026-06-18 for the 6/16 transaction (no late filing indicated).
Context: This is a compensation/retention award (restricted stock) rather than an open-market purchase or sale. Such grants are common for directors and typically vest over time; they do not by themselves indicate the insider's market view.