Broadway Financial (BYFC) grants EVP 4,921 restricted shares
Rhea-AI Filing Summary
Carew Tina reported acquisition or exercise transactions in this Form 4 filing.
Tina Carew, EVP, CLO & Corporate Secretary of Broadway Financial, reported a grant of 4,921 shares of restricted common stock on July 28, 2026 at $10.16 per share. The award vests over four years under the Amended and Restated 2018 Long-Term Incentive Plan, and she now directly holds 4,921 shares. This amendment updates the grant date due to a clerical error.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,921 shares
Net Buy
1 txn
Insider
Carew Tina
Role
EVP, CLO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 4,921 | $10.16 | $50K |
Holdings After Transaction:
Common Stock — 4,921 shares (Direct)
Footnotes (1)
- F1. This amendment is being filed to update the grant date in this Note 1 to the Form 4 due to a clerical error. Restricted Stock granted July 28, 2026 with a 4 year vesting in accordance with the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan effective April 16, 2023.
Key Figures
Restricted stock granted: 4,921 shares
Grant price per share: $10.16 per share
Shares owned after grant: 4,921 shares
+2 more
5 metrics
Restricted stock granted
4,921 shares
Restricted Stock grant to Tina Carew on July 28, 2026
Grant price per share
$10.16 per share
Reported price for Common Stock award
Shares owned after grant
4,921 shares
Direct ownership following the reported transaction
Vesting period
4 years
Restricted Stock vests over four years
Plan effective date
April 16, 2023
Effective date of the Amended and Restated 2018 Long-Term Incentive Plan
Key Terms
Restricted Stock, vesting, Long-Term Incentive Plan
3 terms
Restricted Stock financial
"Restricted Stock granted July 28, 2026 with a 4 year vesting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"Restricted Stock granted July 28, 2026 with a 4 year vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Long-Term Incentive Plan financial
"2018 Long-Term Incentive Plan effective April 16, 2023"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Tina Carew report at BYFC?
Tina Carew reported receiving 4,921 restricted shares of Broadway Financial common stock on July 28, 2026 at $10.16 per share. The grant is a stock award rather than an open-market purchase and vests over four years under the company’s 2018 long-term incentive plan.
Why was this Form 4/A amendment filed for BYFC?
The amendment was filed to correct the grant date for the reported restricted stock award. It states that Restricted Stock was granted on July 28, 2026 and clarifies that the prior Form 4 contained a clerical error regarding this date.
What are the vesting terms of Tina Carew’s BYFC restricted stock?
The footnote explains that the restricted stock vests over four years. The shares were granted on July 28, 2026 and will vest in accordance with Broadway Financial Corporation’s Amended and Restated 2018 Long-Term Incentive Plan, effective April 16, 2023.
Under which plan was the BYFC restricted stock granted to Tina Carew?
The award was granted under the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan, which became effective April 16, 2023. The plan governs the terms, including the four-year vesting schedule for this restricted stock grant.