Form 4: Kearny Financial EVP Sells Shares in Planned Transaction

Kearny Financial Corp.'s EVP and CLO, Patrick M. Joyce, reported the sale of 4,000 shares of common stock.

Summary

• Patrick M. Joyce, Executive Vice President and Chief Legal Officer of Kearny Financial Corp., reported the sale of 4,000 shares of the company's common stock.
• The transactions occurred on January 28, 2026, with 3,900 shares sold at $7.65 per share and 100 shares sold at $7.6575 per share.
• These sales were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these transactions, Mr. Joyce directly beneficially owns 54,365 shares of common stock.
• Indirect beneficial ownership includes 63,341 shares through an ESOP, 37,326 shares through a 401(k) plan, and 2,399 shares through a BEP.
• Mr. Joyce also holds 150,000 stock options with an exercise price of $15.35, which became exercisable on December 1, 2017, and expire on December 1, 2026.
• The directly held shares include restricted stock units that vest at a rate of 33% per year commencing on August 7, 2024, August 7, 2025, and August 7, 2026.

Sentiment

Score: 5

Explanation: A routine insider transaction disclosure. The sale was made pursuant to a Rule 10b5-1 plan, indicating it was pre-scheduled and not necessarily indicative of new negative sentiment regarding the company's prospects. Such disclosures are generally neutral in terms of immediate company performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the executive's sale of common stock. While the sale was pre-planned under Rule 10b5-1, some investors might still scrutinize insider selling activity.

Key Dates

Recommendation

This filing details a routine insider sale of common stock by an executive, likely under a pre-arranged Rule 10b5-1 plan. Such transactions are typically not indicative of a fundamental shift in the company's prospects and do not warrant a change in investment recommendation based solely on this disclosure. Investors should consider broader financial performance and market conditions.

Keywords

Kearny Financial Corp., KRNY, Insider Trading, Form 4, Stock Sale, Executive Compensation, Patrick M. Joyce, Common Stock, Stock Options, Rule 10b5-1