Form 4: Kearny Financial Corp. Executive Vice President Thomas DeMedici Sells Shares
SEC Form 4 Filing
Thomas DeMedici, EVP and CCO of Kearny Financial Corp., reports the sale of common stock and continued beneficial ownership, including holdings through 401(k), ESOP, and BEP.
Summary
- On August 12, 2024, Thomas DeMedici, EVP and CCO of Kearny Financial Corp., sold shares of common stock in multiple transactions.
- The sales were executed at prices ranging from $5.99 to $6.02 per share.
- Following these transactions, DeMedici directly owns 70,614 shares of common stock.
- DeMedici also indirectly owns shares through a 401(k) (39,397 shares), an ESOP (23,307 shares), and a BEP (722 shares).
- DeMedici also owns 150,000 stock options with exercise prices of $15.35 and $13.38.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are used by investors to gauge sentiment and potential future stock performance.
Stakeholder Impact
- Shareholders may interpret the stock sales as a lack of confidence by the executive, although such sales are common for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 12/01/2017 | Date stock options became exercisable |
| 01/07/2020 | Date stock options became exercisable |
| 08/07/2023 | Commencement date for vesting of some restricted stock units |
| 08/07/2024 | Commencement date for vesting of some restricted stock units |
| 08/12/2024 | Date of stock sale transactions |
| 08/12/2024 | Date of signature |
| 08/07/2025 | Commencement date for vesting of some restricted stock units |
| 12/01/2026 | Expiration date for stock options |
| 01/07/2029 | Expiration date for stock options |
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