Insider sale: Amalgamated (NASDAQ: AMAL) CLO sells 607 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amalgamated Financial Corp. executive Mandy Tenner, EVP and Chief Legal Officer, sold 607 shares of common stock in an open-market transaction at $38.63 per share. The trade was executed under a pre-arranged Rule 10b5-1 trading plan adopted on 12/04/2024. After this sale, Tenner directly owns 21,112.54 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 607 shares ($23,448)
Net Sell
1 txn
Insider
Tenner Mandy
Role
EVP, Chief Legal Officer
Sold
607 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 607 | $38.63 | $23K |
Holdings After Transaction:
Common Stock — 21,112.54 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Amalgamated Financial Corp. (AMAL) report?
Amalgamated Financial Corp. reported that executive Mandy Tenner sold 607 shares of common stock. The sale was an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan, indicating a structured approach to selling rather than a discretionary, one-time decision.
Was the AMAL insider sale by Mandy Tenner part of a Rule 10b5-1 plan?
Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted on 12/04/2024. Such plans pre-schedule trades, helping insiders systematically sell shares and manage potential concerns about trading while in possession of material nonpublic information.
What role does Mandy Tenner hold at Amalgamated Financial Corp. (AMAL)?
Mandy Tenner serves as Executive Vice President and Chief Legal Officer at Amalgamated Financial Corp. This senior leadership role makes her a reporting insider, so transactions in the company’s common stock must be disclosed on Form 4 filings with the SEC.