Reddy Avinash 4

What Happened

• Avinash Reddy, CFO of Dime Community Bancshares (DCOM), received a grant of 7,239 restricted shares (reported as an award, code A) on March 31, 2026. On the same date, a total of 1,913 shares were disposed (codes F) to satisfy tax withholding obligations related to vested restricted stock; those withheld shares were recorded at $33.82 per share for aggregate proceeds of $64,698.

Key Details

• Transaction date: March 31, 2026; Form filed April 2, 2026 (appears timely under the Form 4 reporting window).
• Withheld shares: 475 @ $33.82 ($16,065), 624 @ $33.82 ($21,104), and 814 @ $33.82 ($27,529) — total 1,913 shares withheld for taxes, total cash value $64,698.
• Grant: 7,239 shares were reported as acquired at $0.00 (restricted grant).
• Footnotes: Withholdings reflect tax payments on restricted shares that vested March 31, 2026 — specifically on 1,179; 1,549; and 2,021 vested shares per the filing. The new 7,239-share award vests in equal installments on the 1st, 2nd, and 3rd anniversaries.
• Shares owned after the transaction: not specified in the provided filing.

Context

• The disposals were tax-withholding events (code F), not open-market sales — routine administrative actions that do not necessarily signal buying or selling intent. The award (code A) is a time-vesting grant intended for retention; it vests over three years per the footnote.