Taxiera Diana, Senior Vice President and Chief Financial Officer, has disclosed ownership of 7,251 shares of common stock in Narragansett Bancorp, Inc. This filing is significant as it underscores the role of executives in corporate governance and transparency.
Narragansett Bancorp, Inc. operates in the savings institutions sector, which is characterized by financial entities that are not federally chartered. The company is identified under the Central Index Key (CIK) number 0002138186.
The recent filing, dated November 2, 2026, indicates that Taxiera Diana holds these shares through a 401(k) plan, reflecting a direct ownership stake. The filing states, "I own 7,251 shares of common stock following this transaction," highlighting the executive's commitment to the company’s future.
This disclosure may affect various stakeholders, including shareholders and potential investors, as it provides insight into the financial interests of key executives within Narragansett Bancorp. Such transparency is vital for maintaining investor confidence and regulatory compliance.
The filing does not say what happens next.
Additional Details from the SEC Filing
The filing identifies Taxiera Diana as the Senior Vice President and Chief Financial Officer of Narragansett Bancorp, Inc., highlighting her executive role within the company. It confirms that she has a direct ownership stake in the company through a 401(k) plan, which is a common retirement savings vehicle that allows employees to save a portion of their paycheck before taxes are taken out.
Furthermore, the filing specifies that the transaction was reported under the Securities Exchange Act of 1934, which governs the trading of securities and aims to ensure transparency and fairness in the securities markets. This regulatory framework is essential for maintaining the integrity of financial reporting.
The address listed for Taxiera Diana is 330 Swansea Mall Drive, Swansea, MA 02777, which is also the business address for Narragansett Bancorp, Inc. This proximity may indicate a close alignment between the executive's personal and professional commitments.
"I own 7,251 shares of common stock following this transaction," stated Taxiera Diana in the filing, emphasizing her investment in the company's future.
While the filing provides insight into the ownership structure and the executive's financial commitment, it does not include information regarding any future plans for stock transactions or the potential implications of this ownership on corporate strategy.
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