Item 7.01 Regulation FD Disclosure

The Annual Meeting of Stockholders (the "Annual Meeting") of The First of Long Island Corporation (the "Corporation") is being held on April 20, 2021. At the Annual Meeting, the Corporation's stockholders will vote to approve the Corporation's 2021 Equity Incentive Plan (the "2021 Plan").

In connection with the Annual Meeting, the Corporation confirms that none of the 1,427,216 shares of the Corporation's common stock that can only be awarded under the Corporation's 2014 Equity Incentive Plan (the "2014 Plan") as stock options or stock appreciation rights (the "Option Reserve Shares") have been granted as awards since March 5, 2021. The Corporation commits that none of the Option Reserve Shares will be granted prior to the Annual Meeting. As disclosed in Corporation's proxy statement filed with the Securities and Exchange Commission on March 12, 2021 (the "Proxy Statement"), provided that the 2021 Plan is approved by the Corporation's stockholders at the Annual Meeting, the Option Reserve Shares will be cancelled at that time.

As disclosed in the Proxy Statement, as of March 5, 2021, there were 1,427,216 shares of the Corporation's common stock that were issuable under the 2014 Plan only as stock options or stock appreciation rights. The following tables provide information as of March 5, 2021 regarding the full value awards (restricted shares and restricted stock units) and appreciation awards (stock options and stock appreciation rights) under the 2014 Plan:



                                      2014 Plan - Share Reserves
                                     Shares Potentially Issuable
                                          Can be Issued     Can be Granted
                                          Only as Stock     as Restricted
                                        Options or Stock     Stock Awards
                                          Appreciation      or Restricted
                              Total          Rights          Stock Units
As of 3/5/2021 (per Proxy)  1,451,881            1,427,216          24,665
                                       To be Cancelled (a)

(a)To be cancelled upon shareholder approval of the 2021 Equity Incentive Plan. None of the shares that can be awarded only as stock options or stock appreciation rights have been granted since March 5, 2021 nor will any be granted prior to approval of the 2021 plan.



                                             Weighted                    Total
                                             Average     Remaining    Performance
                                 Awards      Exercise   Contractual   Based Awards
As of 3/5/2021                 Outstanding    Price     Term (Years)  Outstanding
Full Value Awards (RSUs)           210,605           -          1.60       106,136
Appreciation Awards (Options)          750  $    17.06          4.25           N/A

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