Form 4: Kearny Financial EVP Swansson's Stock Activity

Kearny Financial Corp. EVP and CTIO Timothy A. Swansson reported an acquisition of 10,584 restricted stock units and a disposition of 1,610 shares for tax purposes.

Summary

• Timothy A. Swansson, Executive Vice President and Chief Technology and Information Officer (CTIO) of Kearny Financial Corp. (KRNY), reported changes in his beneficial ownership of company securities.
• On August 7, 2025, Swansson acquired 10,584 shares of Common Stock in the form of restricted stock units (RSUs) at a price of $0, indicating a grant.
• These newly acquired RSUs will vest at a rate of 33% per year, commencing on August 7, 2026.
• Also on August 7, 2025, Swansson disposed of 1,610 shares of Common Stock at a price of $5.86 per share, identified as a transaction for the payment of tax liability (Code F).
• Following these transactions, Swansson directly beneficially owns 58,079 shares of Common Stock, which includes existing restricted stock units vesting from August 7, 2023, August 7, 2024, and August 7, 2025.
• Swansson also holds 75,000 direct stock options with an exercise price of $15.35, exercisable since December 1, 2017, and expiring on December 1, 2026.
• Indirect holdings include 28,127 shares through an ESOP and 10,188 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units is a positive sign of continued executive alignment and compensation, while the disposition is a routine tax-related event and not indicative of a negative outlook.

Positives

• The grant of 10,584 restricted stock units at no cost to the executive aligns management's interests with shareholder value through equity compensation.
• Continued significant direct and indirect beneficial ownership by a key executive, including 75,000 stock options, demonstrates ongoing commitment to the company.

Negatives

• A disposition of 1,610 shares, even for tax purposes, reduces the executive's direct shareholding.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report common across all publicly traded companies, reflecting executive compensation and tax-related share dispositions. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns executive incentives with shareholder interests, while the tax-related sale is a minor, routine event with minimal direct impact on share price or ownership structure.
• Employees: The filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects standard equity compensation practices.

Next Steps

• Vesting of 10,584 restricted stock units will commence on August 7, 2026, at a rate of 33% per year.
• Existing restricted stock units will continue to vest on their respective schedules (August 7, 2023, August 7, 2024, August 7, 2025).

Key Dates

Recommendation

This Form 4 details routine insider transactions related to executive compensation and tax obligations. It does not provide new information regarding the company's financial performance, strategic direction, or significant operational changes that would warrant a change in investment recommendation. The transactions are expected and do not signal a strong buy or sell signal for a seasoned investor.

Keywords

Kearny Financial Corp, KRNY, Form 4, Insider Trading, Restricted Stock Units, Stock Options, Executive Compensation, Beneficial Ownership