Amalgamated (AMAL) EVP awarded 2,037 shares, withholds 981 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amalgamated Financial Corp. executive Leslie Veluswamy received a grant of 2,037 shares of common stock as an equity award. On the same dates, a total of 981 shares were disposed of through tax-withholding transactions tied to the vesting of restricted stock units and performance stock units. After these transactions, directly held common shares were reported at 14,266, reflecting routine compensation-related activity rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
VELUSWAMY LESLIE
Role
EVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,037 | $0.00 | -- |
| Tax Withholding | Common Stock | 653 | $41.39 | $27K |
| Tax Withholding | Common Stock | 328 | $41.39 | $14K |
Holdings After Transaction:
Common Stock — 14,919 shares (Direct)
Footnotes (1)
- Represents the shares withheld related to the vesting of a restricted stock unit installment, awarded to the reporting person on February 15, 2023. Represents performance stock units that vested on February 15, 2026, and were approved for release by the Company's Compensation Committee on February 18, 2026. Represents the shares withheld related to the release of performance stock units.
FAQ
What insider transactions did AMAL executive Leslie Veluswamy report?
Leslie Veluswamy reported receiving 2,037 shares of Amalgamated Financial Corp. common stock as an equity award, along with two tax-withholding dispositions totaling 981 shares related to vesting restricted and performance stock units on February 15 and February 18, 2026.
What is Leslie Veluswamy’s role at Amalgamated Financial Corp. (AMAL)?
Leslie Veluswamy serves as Executive Vice President and Chief Accounting Officer of Amalgamated Financial Corp. The reported equity transactions reflect stock-based compensation activity tied to this executive role, including performance stock units and restricted stock unit vesting events in February 2026.
What do the Form 4 footnotes reveal about the AMAL transactions?
The footnotes explain that some shares relate to a restricted stock unit installment awarded on February 15, 2023, and performance stock units that vested on February 15, 2026, with shares withheld to satisfy tax obligations when these awards vested and were released.