New York Community Bancorp Inc director just sold 25,000 shares

John M Tsimbinos, a director of New York Community Bancorp Inc, recently sold 25,000 shares of the company. The sales took place at $16.75 per share, on December 26, 2013. Tsimbinos still owns 1,252,436 shares of the company. Tsimbinos operates out of Westbury, NY. Some additional info was provided as follows:

This Form 4 reflects the sale of 25,000 shares on December 26, 2013 from the 2013 GRAT II pursuant to a Board-approved Rule 10b5-1 trading plan submitted for Board consideration and approved on August 20, 2013. The Plan was adopted by the reporting person for estate planning purposes. On November 26, 2013, 275,000 shares were transferred from the 2013 GRAT to the 2013 GRAT II.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. New York Community Bancorp Inc next reports earnings on January 29, 2014.

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