Form 4: Amalgamated Financial Corp. Executive Adrian Glace Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Adrian Glace, SVP and Chief Technology Officer of Amalgamated Financial Corp., disposed of 403 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 1, 2025, Adrian Glace, SVP and Chief Technology Officer of Amalgamated Financial Corp., disposed of 403 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of a restricted stock unit installment awarded on March 1, 2024.
- The shares were disposed of at a price of $32.45 per share.
- Following the transaction, Glace directly owns 4,140 shares of Amalgamated Financial Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common among executives with equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine stock disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date restricted stock unit installment was awarded to Adrian Glace |
| 03/01/2025 | Date of stock disposal transaction |
| 03/04/2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.