Form 4: Amalgamated Financial Officer's Equity Transactions

Amalgamated Financial Corp.'s SEVP, Chief Banking Officer Sam D. Brown, reported the vesting of restricted stock units and a new RSU award on March 1, 2026.

Summary

• Sam D. Brown, SEVP, Chief Banking Officer of Amalgamated Financial Corp. (AMAL), reported transactions on March 1, 2026.
• 686 shares of Common Stock were withheld at a price of $38.49 to cover tax obligations related to the vesting of a restricted stock unit installment awarded on March 1, 2024.
• 4,534 restricted stock units (RSUs) were awarded to Mr. Brown. Each RSU represents a contingent right to receive one share of AMAL stock.
• These newly awarded RSUs will vest in three annual installments, beginning on the first anniversary of the grant date (March 1, 2027).
• Following these transactions, Mr. Brown beneficially owns a total of 58,831.92 shares of Common Stock.
• This total includes 13.50 shares acquired through a dividend reinvestment program assigned to the Employee Stock Purchase Program, 76.13 shares acquired through a dividend reinvestment program assigned to Common Stock, and 2.90 shares acquired through a dividend reinvestment program assigned to a retirement plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation disclosure involving both the vesting of prior awards and the grant of new restricted stock units, which is a standard practice for aligning executive and shareholder interests.

Positives

• Award of 4,534 new restricted stock units to a key executive, aligning management's interests with shareholders.
• Increased total beneficial ownership of Common Stock by the executive to 58,831.92 shares.
• Acquisition of additional shares through dividend reinvestment programs (13.50 shares for ESPP, 76.13 shares for Common Stock, 2.90 shares for retirement plan).

Negatives

• 686 shares were disposed of to cover tax liabilities associated with the vesting of previously awarded restricted stock units.

Future Outlook

The 4,534 restricted stock units awarded on March 1, 2026, are scheduled to vest in three annual installments, commencing on March 1, 2027.

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into executive compensation structures and insider ownership, which are standard practices in publicly traded companies. These routine disclosures help investors track management's equity stakes and compensation incentives within the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard regulatory disclosures for insider transactions across all industries.
• The specific details of executive compensation, such as RSU awards and vesting schedules, vary by company and are typically benchmarked against peer groups within the financial sector. Without specific peer compensation data, a direct comparison to industry standards for Amalgamated Financial Corp.'s executive compensation is not possible based solely on this filing.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership.
• Employees: The filing details executive compensation, which can be a component of broader employee incentive programs.

Next Steps

• The newly awarded restricted stock units will vest in three annual installments, with the first installment beginning on March 1, 2027.

Key Dates

Keywords

Amalgamated Financial Corp, AMAL, Form 4, insider transaction, executive compensation, restricted stock units, RSU, stock award, beneficial ownership, dividend reinvestment