Form 4: Broadway Financial Corp EVP Acquires Shares
SEC Form 4 Filing
Elizabeth Farrelly Sur, EVP and Chief Risk Officer of Broadway Financial Corp, acquired 4,368 shares of common stock at $7.23 per share on March 24, 2025.
Summary
- On March 24, 2025, Elizabeth Farrelly Sur, the EVP and Chief Risk Officer of Broadway Financial Corp, acquired 4,368 shares of common stock.
- The acquisition price was $7.23 per share.
- The shares were acquired directly.
- The restricted stock was granted on March 24, 2025, and will vest over four years, according to the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan effective April 16, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a standard regulatory filing related to an executive's stock acquisition. While insider buying can be seen as a positive signal, this is a routine transaction related to compensation.
Positives
- An executive acquiring company stock can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their executives. They provide transparency into insider transactions, allowing investors to track the buying and selling activity of company insiders.
Stakeholder Impact
- Shareholders may view the insider buying as a positive signal.
Key Dates
| Date | Description |
|---|---|
| April 16, 2023 | Effective date of the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan |
| March 24, 2025 | Date of transaction: acquisition of 4,368 shares of common stock and grant date of restricted stock |
| March 26, 2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, insider trading, executive compensation, stock acquisition, Broadway Financial Corp, BYFC, Elizabeth Farrelly Sur
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