Form 4: Amalgamated Financial Corp. Executive Mandy Tenner Reports Stock Transactions

EVP and Chief Legal Officer Mandy Tenner reports acquisition of shares through performance share units and disposition of shares for tax withholding related to vesting.

Summary

• Mandy Tenner, EVP and Chief Legal Officer of Amalgamated Financial Corp., filed a Form 4 detailing changes in beneficial ownership.
• On February 15, 2025, Tenner acquired 977 shares of common stock related to performance share units that vested on January 1, 2025.
• Also on February 15, 2025, Tenner disposed of 346 shares at $33.47, 154 shares at $36.69, and 332 shares at $36.69 due to tax withholding related to vesting of performance stock units and restricted stock units.
• Following these transactions, Tenner beneficially owns 15,561 shares of Amalgamated Financial Corp. common stock, which includes 37 shares purchased under the Employee Stock Purchase Program in Q3 of 2024 and 29 shares purchased under the Employee Stock Purchase Program in Q4 of 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares through vested performance share units indicates that performance goals were met.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Amalgamated Financial Corp., Mandy Tenner, Vesting, Performance Share Units, Restricted Stock Units, Employee Stock Purchase Program