Kearny Financial (KRNY) CFO Sean Byrnes receives 9,914 RSUs and withholds shares
Rhea-AI Filing Summary
Kearny Financial Corp. EVP and CFO Sean Byrnes reported equity compensation and related share withholding in Common Stock. On August 7, 2026, he received a grant of 9,914 restricted stock units, which vest at a rate of 33% per year commencing on August 7, 2027. On the same date, 2,222 shares of Common Stock at $9.52 per share were delivered or withheld for payment of exercise price or tax liability. Following these and other transactions, he held 7,906 shares indirectly via a 401(k) and 6,178 shares indirectly via an ESOP, with additional indirect and RSU positions noted in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,692 shares
Net Buy
4 txns
Insider
Byrnes Sean
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4, F5 | 9,914 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4, F5 | 2,222 | $9.52 | $21K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,394 shares (Direct);
Common Stock — 7,906 shares (Indirect, By 401(k));
Common Stock — 6,178 shares (Indirect, By ESOP)
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
Restricted stock units granted: 9,914 units
Vesting rate for new RSUs: 33% per year
Shares delivered/withheld: 2,222 shares
+3 more
6 metrics
Restricted stock units granted
9,914 units
Grant of restricted stock units to EVP and CFO on August 7, 2026
Vesting rate for new RSUs
33% per year
RSUs vest annually commencing on August 7, 2027
Shares delivered/withheld
2,222 shares
Shares delivered or withheld for exercise price or tax liability on August 7, 2026
Price per share for withholding
$9.52 per share
Value used for 2,222 shares delivered or withheld
Indirect 401(k) holdings
7,906 shares
Indirect ownership by 401(k) following reported transactions
Indirect ESOP holdings
6,178 shares
Indirect ownership by ESOP following reported transactions
Key Terms
Restricted stock units, Payment of exercise price or tax liability, Section 16 of the Securities Exchange Act of 1934, ESOP, +1 more
5 terms
Restricted stock units financial
"Restricted stock units which vest at a rate of 33% per year commencing"
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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Section 16 of the Securities Exchange Act of 1934 regulatory
"transactions not required to be reported pursuant to Section 16 of the Securities"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
ESOP financial
"total_shares_following_transaction 6178.0000, 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
"total_shares_following_transaction 7906.0000, 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 insider transactions did KRNY EVP and CFO Sean Byrnes report on August 7, 2026?
Sean Byrnes reported a grant of 9,914 restricted stock units and a disposition of 2,222 shares of Kearny Financial Corp. Common Stock, delivered or withheld for payment of exercise price or tax liability on August 7, 2026.
How many restricted stock units did KRNY grant to EVP and CFO Sean Byrnes?
Kearny Financial Corp. granted Sean Byrnes 9,914 restricted stock units. These RSUs vest 33% per year, beginning on August 7, 2027, providing time-based equity compensation that aligns his interests with longer-term company performance.
How do the KRNY restricted stock units granted to Sean Byrnes vest over time?
The 9,914 restricted stock units granted to Sean Byrnes vest at a rate of 33% per year, commencing on August 7, 2027. Additional RSU holdings vest 33% annually beginning on August 7, 2026, 2025, and 2024, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
