In a recent congressional trade report, Katherine M. Clark (D), a congresswoman representing Massachusetts' 5th Congressional District, reported two stock transactions. Both transactions involved shares of New York Community Bank Inc. (NYSE:), the embattled New York-based bank that has plunged 70% this year.
The first transaction was made from the Judith S. Clark Irrevocable Trust, with the sale amount ranging from $1,001 to $15,000. The second transaction was from the Katherine M. Clark Separated Share Trust, also with a sale amount in the same range. Both transactions occurred on March 1, 2024 and were reported on April 2, 2024.
The Katherine M. Clark Separate Share Trust was described as inherited on April 5, 2019. The report did not provide further details about the Judith S. Clark Irrevocable Trust.
These transactions are part of the periodic disclosure made by members of Congress as required by the STOCK Act. The law requires federal lawmakers to disclose their financial transactions to avoid potential conflicts of interest and maintain transparency.
It is important to note that these transactions do not necessarily reflect Clark's views on the future performance of New York Community Bancorp, Inc. Investors should always conduct their own research or consult a financial advisor before making investment decisions.
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