Form 4: Broadway Financial Corp EVP/COO Ruth McCloud Reports Stock Grant and Share Adjustment

Ruth McCloud, EVP/COO of Broadway Financial Corp, reports the acquisition of restricted stock and an adjustment to share amounts due to a reverse stock split.

Summary

• Ruth McCloud, EVP/COO of Broadway Financial Corp, filed a Form 4 on March 26, 2025.
• The report details a transaction on March 24, 2025, where McCloud acquired 5,498 shares of common stock at a price of $7.23.
• These shares were granted as restricted stock with a 4-year vesting period, according to the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan.
• The report also notes an adjustment to McCloud's share amount to 29,108 due to a reverse stock split effective October 31, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports routine insider transactions and a share adjustment. There is no indication of positive or negative performance.

Positives

• The grant of restricted stock to a key executive aligns their interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the actions of company executives and directors.

Stakeholder Impact

• Shareholders can use this information to understand executive compensation and alignment with company performance.

Key Dates

Keywords

Form 4, insider trading, stock grant, restricted stock, reverse stock split, BYFC, Broadway Financial Corp, McCloud, Ruth