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Amalgamated (AMAL) EVP awarded 2,037 shares, withholds 981 for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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Negative

  • None.
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)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
VELUSWAMY LESLIE

(Last) (First) (Middle)
275 7TH AVENUE

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Amalgamated Financial Corp. [ AMAL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/15/2026 F 328(1) D $41.39 12,882 D
Common Stock 02/18/2026 A 2,037(2) A $0 14,919 D
Common Stock 02/18/2026 F 653(3) D $41.39 14,266 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the shares withheld related to the vesting of a restricted stock unit installment, awarded to the reporting person on February 15, 2023.
2. 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.
3. Represents the shares withheld related to the release of performance stock units.
Remarks:
/s/Leslie Veluswamy 02/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

Were the AMAL insider share disposals open-market sales?

The reported disposals were not open-market sales. They were tax-withholding dispositions, where 653 and 328 shares of Amalgamated Financial Corp. common stock were withheld to cover tax liabilities as restricted and performance stock units vested in February 2026.

How many AMAL shares did Leslie Veluswamy receive in the latest award?

Leslie Veluswamy received an award of 2,037 shares of Amalgamated Financial Corp. common stock. Footnotes describe this as related to performance stock units that vested and were approved for release by the company’s Compensation Committee on 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.

How many AMAL shares does Leslie Veluswamy hold after these transactions?

After the reported February 2026 transactions, Leslie Veluswamy directly holds 14,266 shares of Amalgamated Financial Corp. common stock. This figure reflects the equity award received and shares withheld for taxes associated with vesting restricted and performance stock units.

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.