Form 4: Amalgamated Financial Officer Reports Stock Vesting
Insider Transaction Report
Amalgamated Financial Corp.'s EVP & Chief Accounting Officer, Leslie Veluswamy, reported the vesting of performance stock units and subsequent tax-related share disposition.
Summary
- Leslie Veluswamy, EVP & Chief Accounting Officer of Amalgamated Financial Corp. (AMAL), reported changes in beneficial ownership of common stock.
- On January 20, 2026, 2,049 shares of common stock were acquired due to the vesting of performance stock units, which had vested on January 1, 2026, and were approved for release by the Company's Compensation Committee.
- Concurrently, 733 shares of common stock were disposed of on January 20, 2026, at a price of $32.03 per share. This disposition represents shares withheld to cover tax obligations related to the release of the performance stock units.
- Following these transactions, Leslie Veluswamy directly beneficially owns 13,210 shares of Amalgamated Financial Corp. common stock.
Sentiment
Score: 5
Explanation: The filing reports a routine compensation event (vesting of performance stock units and subsequent tax-related share disposition) for an executive, which is neutral in terms of company-specific sentiment.
Positives
- The vesting of 2,049 performance stock units indicates the achievement of previously set performance goals by the reporting person.
Negatives
- A disposition of 733 shares occurred, reducing the direct beneficial ownership, although this was for tax withholding purposes related to the vesting.
Future Outlook
NA
Industry Context
This is a routine insider transaction related to executive compensation, common across all industries for publicly traded companies, and does not reflect broader industry trends.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine compensation event for an individual officer and does not signal a change in company strategy or financial health.
- Employees: No direct impact beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 01/01/2026 | Performance stock units vested. |
| 01/20/2026 | Company's Compensation Committee approved the release of performance stock units; acquisition of 2,049 common shares and disposition of 733 common shares occurred. |
| 01/22/2026 | Date of signature for the Form 4 filing. |
Keywords
Amalgamated Financial Corp, AMAL, Leslie Veluswamy, EVP & Chief Accounting Officer, Form 4, Insider Transaction, Stock Vesting, Performance Stock Units, Equity Compensation, Share Disposition
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