NAUDON CARLOS P 4

What Happened

• Carlos P. Naudon, President & CEO and a director of Ponce Financial Group (PDLB), received equity awards on January 22, 2026. The filing reports 15,000 restricted stock units (RSUs) granted (listed at $0 immediate value) and an additional 15,000 derivative awards granted in tranches (five 1,500-share tranches at exercise/strike prices of $18.57, $18.91, $19.24, $19.58 and $19.92; plus 7,500 shares at $16.88). The filing shows aggregate reported value for the derivative tranches of $270,930. All entries are reported as award/grant (transaction code A).

Key Details

• Transaction date: January 22, 2026 (reported on Form 4 filed January 26, 2026).
• Grant breakdown and reported values:
  • 15,000 RSUs @ $0 immediate value.
  • 1,500 @ $18.57 = $27,855
  • 1,500 @ $18.91 = $28,365
  • 1,500 @ $19.24 = $28,860
  • 1,500 @ $19.58 = $29,370
  • 1,500 @ $19.92 = $29,880
  • 7,500 @ $16.88 = $126,600
  • Derivative awards total reported value: $270,930.
• Shares owned after the transaction: not specified in the filing (not uncommon; beneficial ownership totals not provided here).
• Filing timeliness: Form 4 filed Jan 26, 2026 for Jan 22 transactions — appears to be filed within the usual Form 4 deadline.
• Notable footnotes from the filing:
  • F1: The RSUs vest annually at 20% per year beginning January 22, 2027.
  • F4: The granted stock options/derivative awards vest annually at 20% beginning January 22, 2027.
  • F2/F3/F5: Filing also references existing RSU balances (126,852 RSUs with staggered vesting dates), ESOP allocations since the last report, and other option vesting schedules (including vesting that commenced Dec 4, 2019).

Context

• These entries are awards/grants (not open-market purchases or sales). RSUs and option-style awards typically vest over time and do not represent immediately tradable stock until vested and, for options, exercised. The derivative entries here reflect option-like awards with specified prices and reported aggregate value; vesting schedules mean the awards are earned over future periods rather than sold or bought on the open market.