Kearny Financial (KRNY) EVP DeMedici reports 7,680 RSU grant and tax share withholding
Rhea-AI Filing Summary
Kearny Financial Corp. executive Thomas DeMedici reported equity compensation changes. On August 7, 2026, he received a grant of 7,680 shares of common stock in the form of restricted stock units, which vest at a rate of 33% per year commencing on August 7, 2027. On the same date, 2,565 shares of common stock at $9.52 per share were delivered or withheld for payment of exercise price or tax liability. Indirect holdings include 56,921 shares by a 401(k), 26,642 shares by an ESOP, and 877 shares by a BEP. DeMedici also holds stock options covering 100,000 underlying shares at an exercise price of $15.35 expiring on December 1, 2026, and options on 50,000 underlying shares at $13.38 expiring on January 7, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,115 shares
Net Buy
7 txns
Insider
DeMedici Thomas
Role
EVP and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4 | 7,680 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4 | 2,565 | $9.52 | $24K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 86,109 shares (Direct);
Stock Options — 150,000 shares (Direct);
Common Stock — 56,921 shares (Indirect, By 401(k));
Common Stock — 26,642 shares (Indirect, By ESOP);
Common Stock — 877 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: 7,680 shares
RSU vesting schedule: 33% per year
Shares delivered/withheld: 2,565 shares
+5 more
8 metrics
RSU grant
7,680 shares
Restricted stock units granted to Thomas DeMedici on August 7, 2026
RSU vesting schedule
33% per year
New RSUs vest annually commencing on August 7, 2027
Shares delivered/withheld
2,565 shares
Shares delivered or withheld at $9.52 per share for exercise price or tax liability
Withholding price
$9.52 per share
Price used for 2,565-share exercise-price-or-tax-liability transaction
401(k) holdings
56,921 shares
Indirect common stock ownership by 401(k) plan
ESOP holdings
26,642 shares
Indirect common stock ownership by ESOP
Options @ $15.35
100,000 underlying shares
Stock options expiring December 1, 2026 with $15.35 exercise price
Options @ $13.38
50,000 underlying shares
Stock options expiring January 7, 2029 with $13.38 exercise price
Key Terms
restricted stock units, stock options, Section 16 of the Securities Exchange Act of 1934, 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 underlying 100000.0000 and 50000.0000 shares"
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.
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.
401(k) financial
"Common Stock held indirect with 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.
ESOP financial
"Common Stock held indirect with 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did KRNY executive Thomas DeMedici receive in this Form 4 filing?
Thomas DeMedici received 7,680 shares of Kearny Financial Corp. common stock as restricted stock units. These RSUs vest at 33% per year starting on August 7, 2027, representing time-based equity compensation rather than an open-market purchase.
What stock options on KRNY does DeMedici hold after these transactions?
DeMedici holds stock options on 100,000 underlying shares with a $15.35 exercise price expiring December 1, 2026, and options on 50,000 underlying shares with a $13.38 exercise price expiring January 7, 2029, all reported as direct holdings.
When do DeMedici’s KRNY restricted stock units start vesting?
The newly granted 7,680 restricted stock units vest at a rate of 33% per year starting on August 7, 2027. Other reported RSU holdings vest 33% annually commencing on August 7, 2024, 2025, and 2026, respectively.
Were DeMedici’s KRNY transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. No footnote states they were executed under a pre-arranged trading plan, so they are reported without that designation.