He once owned over 2 million shares and now owns about 300 thousand shares. With the record of his sales, it's seems to me that he has has established a personal exit strategy.
His selling may be estate tax planning related.In addition, capital gain tax rates go up next year. This is a good time to sell if you have a capital gain.
Soon he will not have any share to sell and maybe the stk price can go up.
Don't count on it. He still owns plenty of shares to sell, and it will take a very long time for him to run out of shares.
All Tsimbinos does is sell, sell, sell, anytime NYB's share price remotely approaches 52 week highs. He must be worth a fortune.
Maybe he'll choke on his shares. It's pathetic that this guy from Roosevelt got all this stock and options. Thanks to his buddy Mancino at Roslyn, before NYB took them over.