Form 4: Amalgamated Financial Corp. CEO Priscilla Brown Reports Stock Transactions
SEC Form 4 Filing
Priscilla Brown, President & CEO of Amalgamated Financial Corp., reports the vesting and disposal of restricted stock units and subsequent acquisition of common stock on June 1, 2024.
Summary
- On June 1, 2024, Priscilla Brown, the President & CEO of Amalgamated Financial Corp., reported transactions involving the company's stock.
- 51,221 restricted stock units vested and were converted into common stock.
- Following the vesting, Ms. Brown disposed of 21,727 shares to cover tax obligations at a price of $25.28 per share.
- After these transactions, Ms. Brown directly owns 194,248 shares of Amalgamated Financial Corp. common stock.
- This total includes 941 shares purchased under the company's Employee Stock Purchase Program during Q1 of the program's cycle.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Reporting person was granted 153,657 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 06/01/2024 | Transaction date: vesting of restricted stock units and disposal of shares for tax obligations. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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