Form 4: Amalgamated Financial Corp. Senior Executive VP and CFO Sells 4,000 Shares

Jason Darby, Senior Executive VP and CFO of Amalgamated Financial Corp., sold 4,000 shares of common stock at a weighted average price of $36.5887.

Summary

• Jason Darby, the Senior Executive VP and CFO of Amalgamated Financial Corp., sold 4,000 shares of the company's common stock on November 11, 2024.
• The sale was executed at a weighted average price of $36.5887 per share.
• The shares were sold as part of a pre-arranged 10b5-1 trading plan adopted on August 12, 2023.
• Following the transaction, Mr. Darby directly owns 50,208 shares of Amalgamated Financial Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The use of a 10b5-1 trading plan is a common method for executives to sell shares without raising concerns about insider trading, and this is a typical example of such a plan in action.
• The volume of shares sold is relatively small compared to the total outstanding shares of the company, and is not unusual for an executive sale.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small volume and the pre-arranged nature of the sale.

Key Dates

Keywords

insider trading, Form 4, stock sale, 10b5-1 plan, AMAL, Amalgamated Financial Corp., Jason Darby, executive compensation