Michael Bingold - 26 Jan 2023 Form 4 Insider Report for FLUSHING FINANCIAL CORP (FFIC)

Role
SEVP
Signature
Signed by Russell A. Fleishman under Power of Attorney by Michael Bingold
Issuer symbol
FFIC
Transactions as of
26 Jan 2023
Net transactions value
-$56,991
Form type
4
Filing time
30 Jan 2023, 19:09:07 UTC
Previous filing
28 Nov 2022
Next filing
01 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIC Common Stock Options Exercise +4,350 +12% 39,690 26 Jan 2023 Direct F1
transaction FFIC Common Stock Tax liability $35,962 -1,799 -4.5% $19.99 37,891 26 Jan 2023 Direct F2
transaction FFIC Common Stock Award +8,300 +22% 46,191 26 Jan 2023 Direct F3
transaction FFIC Common Stock Tax liability $8,317 -419 -0.91% $19.85 45,772 27 Jan 2023 Direct F3
transaction FFIC Common Stock Tax liability $12,712 -660 -1.4% $19.26 45,112 28 Jan 2023 Direct
holding FFIC Common Stock 3,284 26 Jan 2023 401k F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFIC Common Stock Options Exercise -4,350 -100% 0 26 Jan 2023 Common Stock 4,350 Direct F5
transaction FFIC Common Stock Purchase +8,300 8,300 26 Jan 2023 Common Stock 8,300 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition resulted from vesting of an equal number of PRSUs, at below target, from the January 30, 2020 grant.
F2 Shares withheld to satisfy taxes upon vesting.
F3 Grant of RSUs which vest ratably annually over a five year period.
F4 Shares held in Flushing Bank 401(k) a/o 1/27/23.
F5 Disposition resulted from vesting of an equal number of PRSUs, at below target achievement, from the January 30, 2020 grant.
F6 Grant of PRSUs, at target level, which cliff vest at the end of three year performance period if certain performance metrics are achieved.