Form 4: Amalgamated Financial Corp. Director Scott Stoll Receives Stock Grant
SEC Form 4 Filing
Director Scott Stoll of Amalgamated Financial Corp. reports the acquisition of 1,954 restricted stock units.
Summary
- On May 22, 2024, Scott Stoll, a director of Amalgamated Financial Corp., acquired 1,954 shares of common stock.
- This acquisition was in the form of restricted stock units (RSUs) granted to Stoll.
- The RSUs vest in one annual installment on May 22, 2025.
- Each RSU represents a contingent right to receive one share of AMAL stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock grants, and does not contain information that would significantly shift investor sentiment.
Positives
- The grant of restricted stock units to a director aligns their interests with those of the shareholders.
Future Outlook
The restricted stock units will vest on May 22, 2025, potentially increasing Stoll's holdings of AMAL stock.
Industry Context
Grants of restricted stock units are a common form of executive compensation in the financial services industry, aligning management's interests with those of shareholders.
Stakeholder Impact
- The stock grant could potentially increase shareholder value by aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Scott Stoll received 1,954 restricted stock units. |
| 05/22/2025 | Vesting date for the 1,954 restricted stock units. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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