Form 4: Amalgamated Financial Corp. Executive Mandy Tenner Sells Shares

Mandy Tenner, EVP and Chief Legal Officer of Amalgamated Financial Corp., sold 3,242 shares of common stock at an average price of $32.6134 on September 3, 2024.

Summary

• On September 3, 2024, Mandy Tenner, the EVP and Chief Legal Officer of Amalgamated Financial Corp., sold 3,242 shares of the company's common stock.
• The sale was executed at a weighted average price of $32.6134 per share.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on August 14, 2023.
• Following the transaction, Ms. Tenner directly owns 15,350 shares of Amalgamated Financial Corp.
• The filing clarifies that Ms. Tenner will provide full information regarding the number of shares sold at each separate price within the range of $32.47 to $32.79 upon request.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned to avoid insider trading concerns.

Stakeholder Impact

• The stock sale by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale.

Key Dates