Kearny Financial (KRNY) EVP reports 6,673 RSU grant and tax-share withholding
Rhea-AI Filing Summary
Kearny Financial Corp. executive Timothy A. Swansson, EVP and CTIO, reported equity compensation activity involving common stock. On August 7, 2026, he received a grant of 6,673 restricted stock units, which vest at a rate of 33% per year commencing on August 7, 2027. On the same date, 2,207 shares of common stock were delivered or withheld at $9.52 per share for payment of exercise price or tax liability. Swansson also reports stock options covering 75,000 shares of common stock at an exercise price of $15.35, expiring December 1, 2026, and indirect holdings of common stock through an ESOP and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,466 shares
Net Buy
5 txns
Insider
Swansson Timothy A
Role
EVP and CTIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4 | 6,673 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4 | 2,207 | $9.52 | $21K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,428 shares (Direct);
Stock Options — 75,000 shares (Direct);
Common Stock — 31,384 shares (Indirect, By ESOP);
Common Stock — 11,072 shares (Indirect, By 401(k))
Footnotes (5)
- F1. Restricted stock units which vest at a rate of 33% per year commencing on August 7, 2027.
- F2. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2026.
- F3. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2025.
- F4. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2024.
- F5. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
RSU grant: 6,673 shares
Shares delivered/withheld for exercise price or tax liability: 2,207 shares
Per-share amount for code F shares: $9.52 per share
+4 more
7 metrics
RSU grant
6,673 shares
Restricted stock units granted on August 7, 2026; 33% vesting per year from August 7, 2027
Shares delivered/withheld for exercise price or tax liability
2,207 shares
Common stock delivered or withheld at $9.52 per share on August 7, 2026
Per-share amount for code F shares
$9.52 per share
Price used for 2,207 common shares delivered or withheld for exercise price or tax liability
Stock option exercise price
$15.35 per share
Exercise price of stock options on 75,000 underlying shares of common stock
Underlying option shares
75,000 shares
Common stock underlying stock options expiring December 1, 2026, held directly
Indirect ESOP shares
31,384 shares
Common stock held indirectly by ESOP as of the reported date
Indirect 401(k) shares
11,072 shares
Common stock held indirectly by 401(k) as of the reported date
Key Terms
restricted stock units, exercise price, stock options, ESOP, +1 more
5 terms
restricted stock units financial
"Restricted stock units which vest at a rate of 33% per year"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
exercise price financial
"Payment of exercise price or tax liability by delivering or withholding securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stock options financial
"Stock Options expiring on 2026-12-01 with underlying common stock"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
ESOP financial
"Common Stock held indirectly, nature of ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"Common Stock held indirectly, nature of ownership: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What did KRNY executive Timothy A. Swansson receive in this Form 4 filing?
Timothy A. Swansson received a grant of 6,673 restricted stock units on August 7, 2026. These RSUs vest in installments, with 33% vesting each year starting August 7, 2027, subject to the plan’s terms.
What stock option position does Timothy A. Swansson report in KRNY?
Timothy A. Swansson reports stock options on 75,000 shares of Kearny Financial Corp. common stock with an exercise price of $15.35 per share, expiring on December 1, 2026, held directly.
How do the newly granted KRNY restricted stock units vest over time?
The newly granted 6,673 restricted stock units vest at a rate of 33% per year, beginning on August 7, 2027. Vesting continues annually thereafter, assuming applicable service or other conditions are met.
Is the KRNY Form 4 transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. There is no footnote stating that the August 7, 2026 equity events occurred under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
