Amalgamated Financial (AMAL) accounting chief sells 2,500 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amalgamated Financial Corp. executive Leslie Veluswamy, EVP & Chief Accounting Officer, completed an open-market sale of 2,500 shares of Common Stock at an average price of $43.5133 per share. Following this sale, Veluswamy directly holds 14,215 Amalgamated Financial Corp. common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($108,783)
Net Sell
1 txn
Insider
VELUSWAMY LESLIE
Role
EVP & Chief Accounting Officer
Sold
2,500 shs ($109K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $43.5133 | $109K |
Holdings After Transaction:
Common Stock — 14,215 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 2,500 shares
Sale price: $43.5133 per share
Shares held after sale: 14,215 shares
3 metrics
Shares sold
2,500 shares
Open-market sale of Common Stock
Sale price
$43.5133 per share
Average transaction price
Shares held after sale
14,215 shares
Direct holdings following transaction
Key Terms
Common Stock, open-market sale, direct ownership, Form 4
4 terms
Common Stock financial
"security_title: "Common Stock" in the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open-market sale financial
"transaction_action: "open-market sale" for the Form 4 trade"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
direct ownership financial
"ownership_type: "direct" and ownership_code: "D" for the shares"
Form 4 regulatory
"Insider transaction reported as a Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did AMAL executive Leslie Veluswamy report?
Leslie Veluswamy reported an open-market sale of 2,500 shares of Amalgamated Financial Corp. Common Stock. The transaction was executed at an average price of $43.5133 per share and was reported on a Form 4 insider trading disclosure.
Was the AMAL executive’s transaction a buy or sell?
The transaction was a sell. Leslie Veluswamy executed an open-market sale of 2,500 shares of Amalgamated Financial Corp. Common Stock, as indicated by transaction code “S” and a transaction direction classified as a sale.
What role does Leslie Veluswamy hold at Amalgamated Financial Corp.?
Leslie Veluswamy serves as Executive Vice President and Chief Accounting Officer at Amalgamated Financial Corp. This officer role means Veluswamy is considered an insider and must report qualifying share transactions on Form 4 filings.