DeCosta Daniel, the Executive Vice President and Chief Investment Officer of Narragansett Bancorp, Inc., has officially reported his ownership of company shares. This filing is significant as it highlights his financial commitment to the organization, potentially boosting investor confidence in the company.

Narragansett Bancorp, Inc., identified under the Central Index Key 0002138186, operates in the savings institutions sector. The company is categorized as a savings institution not federally chartered, which is reflected in its SIC code 6036. The recent filing was made on November 2, 2026, and is part of a series of disclosures that aim to maintain transparency with shareholders.

The filing details that DeCosta Daniel holds a total of 10,005 shares of common stock, all of which are owned directly through a 401(k) plan. This ownership stake indicates a personal investment in the company’s future and aligns with best practices for executive accountability.

This disclosure may affect various stakeholders, including investors and analysts who monitor executive ownership as a sign of confidence in the company's direction. The filing serves as a reminder of the importance of transparency in corporate governance, especially in the financial sector.

The filing does not say what happens next.

Ownership Details

DeCosta Daniel's filing indicates that he is an officer of Narragansett Bancorp, Inc., holding the title of Executive Vice President and Chief Investment Officer. This role underscores his influence within the company and his direct involvement in its strategic direction.

The filing also specifies that DeCosta Daniel's shares are held directly through a 401(k) plan, which is a common retirement savings vehicle. This structure may provide tax advantages and reflects a long-term commitment to the company.

Company Information

Narragansett Bancorp, Inc. is identified with the trading symbol NARA and is categorized under the savings institutions sector, specifically as a savings institution not federally chartered. The company's Central Index Key is 0002138186, and it operates from Swansea, MA, where both its business and mailing addresses are located at 330 Swansea Mall Drive.

The filing does not include any information regarding future transactions or potential changes in ownership.