Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Approval of Equity Award Grants
OnJanuary 27, 2023 , the Compensation Committee of the Board of Directors ofNorthfield Bancorp, Inc. (the "Company") approved, and the Board of Directors ratified the granting to directors and employees a total of 157,525 restricted shares and 34,724 restricted stock units. The grants were made under the Company's 2019 Equity Incentive Plan pursuant to award agreements, the forms of which have previously been filed with theSecurities and Exchange Commission . Time-based awards to employees vest in equal installments over a three-year period, commencing one year from the date of the grant, which wasJanuary 27, 2023 . Performance-based, restricted stock units awarded to executive officers vest if a specified goal is achieved over a three year period designated in the equity award agreement. Awards under performance-based, restricted stock units are also subject to adjustment if the achieved performance metric is above or below a targeted level. Time-based awards to directors vest fully onJanuary 27, 2024 .
Approval of Management Cash Incentive Plan
On
Item 9.01. Financial Statements and Exhibits.
Exhibit Number Description 10.1 2023 Management Cash Incentive Plan 104 Cover Page Interactive Data File (embedded within Inline XBRL document)
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