Form 4: Workers United Canada Council Sells Shares in Amalgamated Financial Corp.
SEC Form 4
Workers United Canada Council and affiliated entities have sold shares of Amalgamated Financial Corp. between September 9th and September 11th, 2024.
Summary
- Workers United Canada Council, along with affiliated entities including Rochester Regional Joint Board, Chicago & Midwest Regional Joint Board, and others, reported the sale of Amalgamated Financial Corp. (AMAL) common stock.
- The transactions occurred between September 9th and September 11th, 2024.
- Sales were executed at varying prices, ranging from approximately $29.84 to $31.24 per share.
- The reporting persons explicitly disclaim beneficial ownership of the securities, except to the extent of their pecuniary interest.
- The report is one of two identical reports filed due to SEC's electronic filing system limitations.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports stock sales, which could be for various reasons and doesn't necessarily indicate a negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling of shares by individuals and entities closely related to a company.
Stakeholder Impact
- Shareholders may react to the news of share sales by a significant shareholder.
- The impact on employees, customers, suppliers, and creditors is likely minimal unless the sales indicate a larger strategic shift.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Earliest transaction date reported: Sale of Common Stock at prices ranging from $30.6561 to $30.8533. |
| 09/10/2024 | Sale of Common Stock at prices ranging from $30.00 to $30.6010. |
| 09/11/2024 | Sale of Common Stock at prices ranging from $29.84 to $30.0274; Signatures of reporting persons. |
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