EVP at Kearny Financial (KRNY) sells 2,500 shares, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kearny Financial Corp. executive Patrick M. Joyce, EVP and Chief Lending Officer, reported open-market sales of company stock. On June 9, 2026, Joyce sold a total of 2,500 shares of common stock in two transactions at prices of $8.46 and $8.45 per share.
After these sales, Joyce directly holds 54,185 shares of common stock. He also has indirect holdings of 2,584 shares by BEP, 38,999 shares by a 401(k), and 65,015 shares by an ESOP, plus stock options on 150,000 shares with a $15.35 exercise price expiring on December 1, 2026. Footnotes note additional restricted stock units that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($21,148)
Net Sell
6 txns
Insider
Joyce Patrick M
Role
EVP and CLO
Sold
2,500 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 180 | $8.45 | $2K |
| Sale | Common Stock | 2,320 | $8.46 | $20K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,185 shares (Direct, null);
Stock Options — 150,000 shares (Direct, null);
Common Stock — 65,015 shares (Indirect, By ESOP)
Footnotes (1)
- Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2026. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2025. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2024. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Shares sold: 2,500 shares
Sale prices: $8.46 and $8.45 per share
Direct holdings after sale: 54,185 shares
+5 more
8 metrics
Shares sold
2,500 shares
Common stock sold on June 9, 2026
Sale prices
$8.46 and $8.45 per share
Open-market sales of 2,320 and 180 shares
Direct holdings after sale
54,185 shares
Common stock directly owned following transactions
Indirect holdings by 401(k)
38,999 shares
Common stock held indirectly through 401(k)
Indirect holdings by ESOP
65,015 shares
Common stock held indirectly through ESOP
Indirect holdings by BEP
2,584 shares
Common stock held indirectly via BEP
Stock option exercise price
$15.35 per share
Options on 150,000 shares, expiring December 1, 2026
Underlying option shares
150,000 shares
Common stock underlying outstanding stock options
Key Terms
restricted stock units, Section 16 of the Securities Exchange Act of 1934, Stock Options, ESOP, +2 more
6 terms
restricted stock units financial
"Includes 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934"
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.
Stock Options financial
"Stock Options with an exercise price of 15.3500 and expiration date December 1, 2026"
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.
restricted stock units which vest at a rate of 33% per year financial
"Includes restricted stock units which vest at a rate of 33% per year commencing on August 7"
FAQ
What insider transaction did KRNY executive Patrick M. Joyce report?
Patrick M. Joyce reported selling 2,500 Kearny Financial Corp. common shares. The open-market sales occurred on June 9, 2026 at prices of $8.46 and $8.45 per share, and were disclosed as part of his Form 4 insider trading report.
What stock options on KRNY does Patrick M. Joyce still hold?
Joyce holds stock options covering 150,000 KRNY common shares at a $15.35 exercise price. These options, granted earlier, are scheduled to expire on December 1, 2026, and represent a significant remaining equity-linked position.
What indirect KRNY holdings are reported for Patrick M. Joyce?
The filing lists indirect KRNY holdings via BEP, a 401(k), and an ESOP. Specifically, it shows 2,584 shares by BEP, 38,999 shares by a 401(k) plan, and 65,015 shares by an ESOP, all categorized as indirect ownership interests.
Does the KRNY Form 4 mention restricted stock units for Patrick M. Joyce?
Yes, footnotes state that Joyce’s holdings include restricted stock units. These RSUs vest at a rate of 33% per year, with separate grants beginning vesting on August 7 of 2024, 2025, and 2026, adding to his long-term equity compensation.