Broadway Financial (BYFC) EVP awarded 6,480 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Broadway Financial Corporation reported that EVP and Chief Credit Officer LaShanya Demetrice Washington acquired 6,480 shares of common stock as a restricted stock grant on March 2, 2026, at $7.85 per share. The award vests over four years under the company’s 2018 Long-Term Incentive Plan, bringing her direct holdings to 22,300 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Washington LaShanya Demetrice
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,480 | $7.85 | $51K |
Holdings After Transaction:
Common Stock — 22,300 shares (Direct)
Footnotes (1)
- Restricted Stock granted March 02, 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. Shares Amount adjusted for Reverse Stock split effective October 31, 2023.
FAQ
What insider transaction did BYFC report for LaShanya Demetrice Washington?
Broadway Financial reported an award of 6,480 restricted common shares to EVP and Chief Credit Officer LaShanya Demetrice Washington. The grant was recorded at $7.85 per share and increases her direct ownership to 22,300 BYFC shares after the transaction.
Was the BYFC insider transaction a purchase or a stock grant?
The BYFC insider transaction was a stock grant, not an open-market purchase. LaShanya Demetrice Washington received 6,480 restricted common shares as a grant under the company’s long-term incentive plan, categorized as a grant, award, or other acquisition.
What are the vesting terms of the BYFC restricted stock granted to Washington?
The 6,480 BYFC restricted shares granted to LaShanya Demetrice Washington vest over four years. The award was made under the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan, which governs the vesting schedule and related conditions.
Why was there an adjustment note about a reverse stock split in the BYFC Form 4?
The Form 4 notes that share amounts were adjusted for a reverse stock split effective October 31, 2023. This explanation clarifies that reported share numbers, including holdings and grants, reflect the post-split share count for Broadway Financial common stock.
What role does LaShanya Demetrice Washington hold at Broadway Financial (BYFC)?
LaShanya Demetrice Washington serves as Executive Vice President and Chief Credit Officer at Broadway Financial. Her position and insider status require disclosure of equity awards such as the 6,480 restricted common shares reported in this Form 4 insider filing.