Form 4: Kearny Financial Corp. Executive Dunne Reports Stock Transactions
SEC Form 4 Filing
EVP and CRO of Kearny Financial Corp., John V Dunne, reports acquisition and disposal of company stock, including restricted stock units and shares, as per Form 4 filing.
Summary
- John V Dunne, EVP and CRO of Kearny Financial Corp., filed a Form 4 detailing changes in beneficial ownership.
- On August 7, 2024, Dunne acquired 7,942 shares of Common Stock at $0 and disposed of 1,923 shares at $6.24.
- Following these transactions, Dunne directly owns 50,737 shares of Common Stock.
- Dunne also indirectly owns 11,021 shares through an ESOP, 2,996 shares through a 401(k), and 100 shares through a spouse.
- The reported transactions include restricted stock units vesting annually, starting on various dates from August 7, 2022, to August 7, 2025.
- Dunne also holds stock options for 40,000 shares of Common Stock, exercisable from December 1, 2017, with an expiration date of December 1, 2026, at an exercise price of $15.35.
Sentiment
Score: 5
Explanation: This is a routine filing, so the sentiment is neutral. It reflects standard executive compensation and stock transactions.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
- Employees participating in the ESOP and 401(k) may be interested in the reported holdings.
Key Dates
| Date | Description |
|---|---|
| 12/01/2017 | Date stock options become exercisable |
| 06/01/2022 | Commencement date for vesting of some restricted stock at a rate of 20% per year |
| 08/07/2022 | Commencement date for vesting of some restricted stock units at a rate of 33% per year |
| 08/07/2023 | Commencement date for vesting of some restricted stock units at a rate of 33% per year |
| 08/07/2024 | Date of stock transactions; Commencement date for vesting of some restricted stock units at a rate of 33% per year |
| 08/07/2025 | Commencement date for vesting of some restricted stock units at a rate of 33% per year |
| 12/01/2026 | Expiration date of stock options |
| 08/08/2024 | Date of signature for the report |
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