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