Form 4: Workers United Regional Boards Reduce Stake in Amalgamated Financial Corp.
SEC Form 4
Several Workers United regional boards have collectively sold shares of Amalgamated Financial Corp. between October 31 and November 4, 2024, resulting in adjustments to their beneficial ownership.
Summary
- This report details changes in beneficial ownership of Amalgamated Financial Corp. (AMAL) stock by several regional joint boards associated with Workers United.
- The transactions involve the sale of common stock at weighted average prices ranging from approximately $32.68 to $33.41 per share.
- The reporting persons include Western States Regional Joint Board, Workers United; Workers United Canada Council; Southern Region Workers United/SEIU; and Southwest Regional Joint Board, Workers United.
- These entities have sold shares between October 31, 2024, and November 4, 2024.
- The filings indicate adjustments to the number of shares beneficially owned by each entity following these transactions.
- The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
This filing reflects routine trading activity by significant shareholders. Monitoring such transactions provides insights into investor sentiment and potential shifts in ownership structure, which is relevant for understanding market dynamics for Amalgamated Financial Corp.
Stakeholder Impact
- The stock sales by Workers United regional boards may have a minor impact on shareholders due to the increased supply of shares in the market.
- The transactions could influence the perceived stability of the company's stock, potentially affecting investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Earliest transaction date; sale of 20,055 shares at $33.4142 and 21,204 shares at $33.4135 |
| 11/01/2024 | Sale of 25,000 shares at $33.083 |
| 11/04/2024 | Sale of 8,004 shares at $32.6767 and 55,000 shares at $32.8299; Date of signatures for the report |
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