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Amalgamated (NASDAQ: AMAL) EVP Searby reports PSU vesting and 808-share tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Amalgamated Financial Corp. executive Sean Searby reported equity compensation activity in company stock. On January 20, 2026, he acquired 2,190 shares of Amalgamated Financial Corp. common stock at a price of $0 per share, reflecting performance stock units that vested on January 1, 2026 and were approved for release by the company’s Compensation Committee on January 20, 2026. On the same date, 808 shares of common stock at $32.03 per share were withheld to cover obligations related to that release of performance stock units. After these transactions, he directly held 24,720.47 shares of common stock, a figure that also reflects a small amount of stock and restricted stock units accumulated through a dividend reinvestment program.

Positive

  • None.

Negative

  • None.
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*
Searby Sean

(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 Info. & Ops. Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026
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 01/20/2026 A 2,190(1) A $0 25,528.47 D
Common Stock 01/20/2026 F 808(2) D $32.03 24,720.47(3) 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 performance stock units that vested on January 1, 2026, and were approved for release by the Company's Compensation Committee on January 20, 2026.
2. Represents the shares withheld related to the release of performance stock units.
3. The total reported in Column 5 includes 0.01 share of Common Stock, acquired by the reporting owner through a dividend reinvestment program, assigned to Common Stock, and 9.88 outstanding Restricted Stock Units, acquired by the reporting person under a dividend reinvestment program, assigned to deferred Restricted Stock Units.
Remarks:
/s/Sean Searby 01/22/2026
** 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 Sean Searby report?

EVP Chief Information & Operations Officer Sean Searby reported two transactions in Amalgamated Financial Corp. common stock on January 20, 2026: an acquisition of 2,190 shares at $0 per share and a withholding of 808 shares at $32.03 per share.

Why did Sean Searby receive 2,190 AMAL shares at $0 per share?

The 2,190 shares represent performance stock units that vested on January 1, 2026 and were approved for release by the company’s Compensation Committee on January 20, 2026, resulting in stock being delivered at no cash cost per share to him.

What is the reason for the 808 AMAL shares withheld in this Form 4?

The 808 shares of Amalgamated Financial Corp. common stock with a price of $32.03 per share were withheld in connection with the release of performance stock units, as described in the filing’s footnotes.

How many AMAL shares does Sean Searby hold after these transactions?

Following the reported transactions, Sean Searby directly beneficially owned 24,720.47 shares of Amalgamated Financial Corp. common stock, including small amounts accumulated through a dividend reinvestment program.

What role does Sean Searby hold at Amalgamated Financial Corp. (AMAL)?

In this Form 4, Sean Searby is identified as an officer of Amalgamated Financial Corp., serving as EVP Chief Information & Operations Officer, and is not listed as a director or 10% owner.

Do the AMAL shares in this Form 4 include amounts from dividend reinvestment?

Yes. A footnote explains that the total reported in Column 5 includes 0.01 share of common stock and 9.88 restricted stock units, both acquired through a dividend reinvestment program.

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