Form 4: AMAL EVP Tenner Reports PSU Vesting & Tax Withholding

Amalgamated Financial Corp.'s EVP and Chief Legal Officer, Mandy Tenner, reported the vesting of performance stock units and subsequent tax-related share disposition.

Summary

• Mandy Tenner, EVP and Chief Legal Officer of Amalgamated Financial Corp. (AMAL), reported transactions related to her beneficial ownership.
• On January 20, 2026, 2,114 performance stock units (PSUs) vested, which were approved for release by the Company's Compensation Committee.
• Concurrently, 771 shares of common stock were disposed of at a price of $32.03 per share to cover tax obligations related to the PSU vesting.
• Following these transactions, Mandy Tenner beneficially owns 22,244.54 shares of Amalgamated Financial Corp. common stock.
• Total beneficial ownership also includes 37.66 shares from an Employee Stock Purchase Program, 17.25 shares from a dividend reinvestment program, and 0.50 outstanding Restricted Stock Units from a dividend reinvestment program.

Sentiment

Score: 6

Explanation: The filing reflects a standard executive compensation event (PSU vesting) and subsequent tax-related share disposition. It's a neutral event in terms of company performance, but the vesting itself is a positive for the executive and indicates performance targets were met.

Positives

• Vesting of 2,114 performance stock units indicates the achievement of performance targets by the executive.
• The executive's continued beneficial ownership of 22,244.54 shares demonstrates alignment with shareholder interests.

Negatives

• Disposition of 771 shares for tax withholding reduces the executive's direct equity stake, although this is a standard practice for equity compensation.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The vesting of performance stock units for an executive aligns management incentives with shareholder value creation, as these units typically vest upon achieving specific performance metrics.
• Employees: The report highlights the company's use of equity compensation, which can be a positive for employee retention and motivation, particularly for key executives.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of performance stock units and subsequent tax-related share withholding. It does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and reflect standard executive compensation practices.

Keywords

Amalgamated Financial Corp, AMAL, Mandy Tenner, Form 4, Insider Trading, Performance Stock Units, PSU Vesting, Executive Compensation, Stock Ownership, Legal Officer