Form 4: Amalgamated Financial Corp. Executive Vice President Sells Shares to Cover Tax Obligations

Leslie Veluswamy, EVP & Chief Accounting Officer of Amalgamated Financial Corp., disposed of 322 shares of common stock to cover tax obligations related to vesting of restricted stock units.

Summary

• On February 15, 2025, Leslie Veluswamy, the EVP & Chief Accounting Officer of Amalgamated Financial Corp., disposed of 322 shares of common stock.
• The transaction was executed at a price of $36.69 per share.
• This disposal was to cover tax obligations related to the vesting of a restricted stock unit installment awarded on February 15, 2023.
• Following the transaction, Veluswamy directly owns 9,698 shares of Amalgamated Financial Corp.
• The transaction was reported on February 19, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction appears to be a standard sale to cover tax obligations related to vested equity compensation.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Amalgamated Financial Corp., Leslie Veluswamy, insider trading, stock disposal, executive compensation, AMAL