other material
confidence high
sentiment neutral
materiality 0.25
Northfield Bancorp grants 157,525 restricted shares and 34,724 RSUs; adopts 2023 cash incentive plan
Northfield Bancorp, Inc.
- Granted 157,525 restricted shares and 34,724 RSUs to directors and employees under 2019 Equity Incentive Plan.
- Time-based employee awards vest in equal installments over three years; director awards vest fully on Jan 27, 2024.
- Performance-based RSUs to executive officers vest subject to achievement of a specified three-year goal, adjustable for above/below target.
- Board approved 2023 Management Cash Incentive Plan; awards require at least 80% of budgeted net income to trigger.