Form 4: Amalgamated Financial Corp. Executive Edgar Romney Jr. Reports Stock Disposals to Cover Restricted Stock Unit Vesting

Edgar Romney Jr., Chief Strategy & Admin Officer of Amalgamated Financial Corp., reported disposing of shares to cover the vesting of restricted stock units.

Summary

• On February 15, 2025, Edgar Romney Jr., Chief Strategy & Admin Officer of Amalgamated Financial Corp., disposed of 310 shares of common stock at a price of $36.69.
• These shares were withheld to cover the vesting of a restricted stock unit installment awarded on February 15, 2022.
• An additional 243 shares were disposed of at the same price to cover the vesting of a restricted stock unit installment awarded on February 15, 2023.
• Following these transactions, Romney directly owns 13,321.98 shares of Amalgamated Financial Corp.
• This total includes 18.98 shares purchased under the company's dividend reimbursement plan in Q4 of 2024.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any significant 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 filing indicates the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations, a common practice among executives.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, SEC Filing, Stock Disposal, Restricted Stock Units, Beneficial Ownership, Amalgamated Financial Corp., AMAL, Edgar Romney Jr.