Kearny Financial EVP reports stock grant and withholding
Kearny Financial Corp. executive Erika K. Parisi reported equity compensation activity on August 7, 2026.
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Form Type
4
Rhea-AI Filing Summary
Kearny Financial Corp. executive Erika K. Parisi reported equity compensation activity on August 7, 2026. She received 6,886 shares of common stock as a grant of restricted stock units that vest in installments of 33% per year beginning August 7, 2027. On the same date, 4,110 common shares were delivered or withheld at $9.52 per share for payment of exercise price or tax liability. Following these events, she continues to hold stock options on 100,000 shares of common stock at an exercise price of $15.35, expiring December 1, 2026, and has additional indirect holdings of common stock through an ESOP, 401(k), and BEP accounts.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Parisi Erika K
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4 | 6,886 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4 | 4,110 | $9.52 | $39K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 168,131 shares (Direct);
Stock Options — 100,000 contracts (Direct);
Common Stock — 73,114 shares (Indirect, By ESOP);
Common Stock — 16,650 shares (Indirect, By 401(k));
Common Stock — 345 shares (Indirect, By BEP)
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 shares: 6,886 shares
Shares delivered/withheld: 4,110 shares
Withholding price: $9.52 per share
+5 more
8 metrics
RSU grant shares
6,886 shares
Restricted stock units granted August 7, 2026, vesting 33% per year from August 7, 2027
Shares delivered/withheld
4,110 shares
Common shares delivered or withheld at $9.52 per share for exercise price or tax liability
Withholding price
$9.52 per share
Price per share for 4,110 common shares used for exercise price or tax liability
Stock option exercise price
$15.35
Exercise price for options on 100,000 shares of common stock
Stock options underlying shares
100,000 shares
Underlying common shares for stock options expiring December 1, 2026
ESOP indirect holdings
73,114 shares
Indirect ownership of common stock by ESOP
401(k) indirect holdings
16,650 shares
Indirect ownership of common stock by 401(k)
BEP indirect holdings
345 shares
Indirect ownership of common stock by BEP
Key Terms
Restricted stock units, Stock Options, ESOP, 401(k), +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.
Stock Options financial
"Stock Options on 100000.0000 underlying shares of 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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Erika K. Parisi report for Kearny Financial Corp. (KRNY)?
Erika K. Parisi reported a grant of 6,886 shares of common stock as restricted stock units. These RSUs vest 33% per year, beginning on August 7, 2027, providing time-based, stock-settled compensation linked to continued service.
What does the code F transaction in the KRNY Form 4 represent?
The code F transaction covers 4,110 common shares at $9.52 per share delivered or withheld. It is reported as payment of exercise price or tax liability by using company stock instead of separate cash payments.
What stock option position does Erika K. Parisi hold in KRNY after these transactions?
Erika K. Parisi holds stock options on 100,000 shares of Kearny Financial Corp. common stock. These options have an exercise price of $15.35 per share and an expiration date of December 1, 2026, according to the Form 4 disclosure.
How do the restricted stock units for KRNY vest over time?
The reported restricted stock units vest at 33% per year on a graded schedule. Footnotes indicate tranches commencing on August 7 of 2024, 2025, 2026, and 2027, reflecting multiple RSU awards each vesting over three years.
Was a Rule 10b5-1 trading plan indicated in this KRNY Form 4?
The filing’s Rule 10b5-1 checkbox is not marked as affirming that transactions occurred under a trading plan. The report does not describe the grant or share withholding as executed pursuant to a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
