Form 4: Kearny Financial Corp. SEVP and CFO Keith Suchodolski Acquires 2,000 Shares
SEC Form 4
Keith Suchodolski, SEVP and CFO of Kearny Financial Corp., purchased 2,000 shares of common stock at $5.87 per share on March 18, 2024.
Summary
- On March 18, 2024, Keith Suchodolski, the SEVP and CFO of Kearny Financial Corp., acquired 2,000 shares of common stock at a price of $5.87 per share.
- Following this transaction, Suchodolski directly owns 82,648 shares of common stock.
- Suchodolski also indirectly owns shares through an ESOP (15,707 shares), a 401(k) plan (11,323 shares), and a BEP (910 shares).
- He also holds options for 156,902 shares of common stock at exercise prices of $13.38, $15.35 and $9.82.
- The directly held shares include restricted stock units vesting annually beginning August 7, 2022, August 7, 2023 and August 7, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The purchase of shares by the CFO suggests confidence, but it's a relatively small transaction.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally seen as a positive sign.
Stakeholder Impact
- The purchase may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/01/2017 | Date of stock options grant with an exercise price of $15.35, expiring on 12/01/2026. |
| 04/01/2016 | Date of stock options grant with an exercise price of $9.82, expiring on 04/01/2025. |
| 01/07/2020 | Date of stock options grant with an exercise price of $13.38, expiring on 01/07/2029. |
| 08/07/2022 | First vesting date for some restricted stock units, vesting at a rate of 33% per year. |
| 08/07/2023 | First vesting date for some restricted stock units, vesting at a rate of 33% per year. |
| 03/18/2024 | Date of the reported transaction: purchase of 2,000 shares of common stock at $5.87 per share. |
| 08/07/2024 | First vesting date for some restricted stock units, vesting at a rate of 33% per year. |
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