Form 4: Kearny Financial Corp. Executive Vice President and CLO, Patrick M. Joyce, Reports Stock Sale
SEC Form 4
Patrick M. Joyce, EVP and CLO of Kearny Financial Corp., reports the sale of common stock on March 14, 2024.
Summary
- On March 14, 2024, Patrick M. Joyce, the Executive Vice President and Chief Lending Officer (CLO) of Kearny Financial Corp., sold 3,029 shares of common stock at a price of $6.17 per share.
- Additionally, Joyce sold 471 shares of common stock at $6.175 per share on the same day.
- Following these transactions, Joyce directly owns 48,331 shares of common stock.
- Joyce also indirectly owns 59,934 shares through an ESOP, 29,841 shares through a 401(k), and 1,936 shares through a BEP.
- Joyce also owns 150,000 stock options with an exercise price of $15.35, granted on December 1, 2017, and expiring on December 1, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The stock sale by an executive may be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 12/01/2017 | Date stock options were granted |
| 08/07/2022 | Commencement date for vesting of some restricted stock units |
| 08/07/2023 | Commencement date for vesting of some restricted stock units |
| 08/07/2024 | Commencement date for vesting of some restricted stock units |
| 03/14/2024 | Date of stock sale transactions |
| 12/01/2026 | Expiration date of stock options |
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