Kearny Financial (KRNY) CEO receives 27,058 RSUs, withholds shares for taxes
Rhea-AI Filing Summary
Kearny Financial Corp. reported that President and CEO Craig Montanaro received a grant of 27,058 shares of Common Stock as restricted stock units on August 7, 2026, vesting 33% per year starting August 7, 2027. On the same date, 12,856 shares of Common Stock at $9.52 per share were delivered or withheld for payment of exercise price or tax liability. Montanaro also reports direct stock options for 540,000 underlying shares at an exercise price of $15.35 expiring December 1, 2026, plus indirect holdings through a 401(k), ESOP, a BEP plan, and shares held by his daughter.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 14,202 shares
Net Buy
7 txns
Insider
MONTANARO CRAIG
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4 | 27,058 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4 | 12,856 | $9.52 | $122K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 300,521 shares (Direct);
Stock Options — 540,000 shares (Direct);
Common Stock — 150,992 shares (Indirect, By 401(k));
Common Stock — 70,822 shares (Indirect, By ESOP);
Common Stock — 29,028 shares (Indirect, By BEP);
Common Stock — 4,417 shares (Indirect, By Daughter)
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: 27,058 shares
Tax/exercise withholding: 12,856 shares at $9.52
Stock options underlying shares: 540,000 shares
+3 more
6 metrics
RSU grant
27,058 shares
Restricted stock unit award of Common Stock on August 7, 2026
Tax/exercise withholding
12,856 shares at $9.52
Shares delivered or withheld for payment of exercise price or tax liability
Stock options underlying shares
540,000 shares
Direct stock options on Common Stock with $15.35 exercise price expiring December 1, 2026
Option exercise price
$15.35
Exercise price of reported stock options on 540,000 underlying shares
401(k) indirect holdings
150,992 shares
Common Stock held indirectly through a 401(k) plan
ESOP indirect holdings
70,822 shares
Common Stock held indirectly through ESOP
Key Terms
restricted stock units, Section 16 of the Securities Exchange Act of 1934, ESOP, BEP
4 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"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.
ESOP financial
"Common Stock ... indirect 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.
BEP financial
"Common Stock ... indirect ownership: By BEP"
FAQ
What equity award did KRNY President and CEO Craig Montanaro receive on August 7, 2026?
Craig Montanaro received a grant of 27,058 Common Stock restricted stock units on August 7, 2026. These RSUs vest at a rate of 33% per year, beginning on August 7, 2027, aligning his compensation with long-term shareholder value.
What does the code F transaction for KRNY’s CEO represent in this Form 4?
The code F transaction reflects 12,856 shares of Common Stock at $9.52 per share delivered or withheld. This was for payment of exercise price or tax liability, a non-market disposition rather than an open-market sale.
What stock option position does KRNY’s CEO report in this filing?
Craig Montanaro reports direct stock options on 540,000 underlying shares of Common Stock with an exercise price of $15.35 per share. These options have an expiration date of December 1, 2026, representing a significant remaining derivative position.
How do the new KRNY restricted stock units for the CEO vest over time?
The newly granted RSUs of 27,058 shares vest 33% per year, starting on August 7, 2027. Existing holdings also include RSUs vesting 33% annually beginning August 7 of 2024, 2025, and 2026, as indicated in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
