Director at Broadway Financial (BYFC) receives 2,675-share stock award under incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrady David J. reported acquisition or exercise transactions in this Form 4 filing.
Broadway Financial Corp. director David J. McGrady reported receiving an award of 2,675 shares of common stock on March 2, 2026. The unrestricted stock was granted under the company’s amended and Restated 2018 Long Term Incentive Plan, bringing his directly held stake to 10,223 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGrady David J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,675 | $7.85 | $21K |
Holdings After Transaction:
Common Stock — 10,223 shares (Direct)
Footnotes (1)
- Represents Award of Unrestricted stock issued on March 02, 2026 pursuant to the amended and Restated 2018 Long Term Incentive Plan of Broadway Financial Corporation. The amount of securities adjusted for reverse stock split effective October 31, 2023.
FAQ
What insider transaction did BYFC director David J. McGrady report?
David J. McGrady reported receiving an award of 2,675 BYFC common shares. The grant was made on March 2, 2026 as unrestricted stock issued under Broadway Financial’s amended and Restated 2018 Long Term Incentive Plan for directors and other participants.
Was the BYFC insider transaction a stock purchase or an equity award?
The BYFC insider transaction was an equity award, not an open-market purchase. David J. McGrady received 2,675 unrestricted common shares as a grant under the amended and Restated 2018 Long Term Incentive Plan on March 2, 2026, at a reported price of $7.85 per share.
Under which plan was the BYFC stock granted to director David J. McGrady?
The BYFC stock grant was issued under Broadway Financial’s amended and Restated 2018 Long Term Incentive Plan. The Form 4 notes that the 2,675 unrestricted common shares awarded on March 2, 2026 were provided pursuant to this equity compensation program for eligible participants.
Does the BYFC Form 4 mention any stock split adjustments for McGrady’s holdings?
Yes, the filing notes that the amount of securities has been adjusted for a reverse stock split effective October 31, 2023. This means McGrady’s reported BYFC share amounts reflect the split-adjusted figures rather than pre-split quantities that would otherwise appear higher.