Kearny Financial (KRNY) EVP Bilotta gains 7,578 RSUs, withholds 3,561 shares
Rhea-AI Filing Summary
Kearny Financial Corp. executive Anthony V. Bilotta Jr., EVP and Chief Banking Officer, reported equity compensation changes. On August 7, 2026, he received a grant of 7,578 shares of Common Stock as restricted stock units that vest 33% per year starting August 7, 2027. On the same date, 3,561 Common shares were delivered or withheld at $9.52 per share for payment of exercise price or tax liability. He also reports stock options over 100,000 shares of Common Stock at an exercise price of $13.55, expiring September 15, 2028, plus indirect holdings through an ESOP, BEP, and 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,017 shares
Net Buy
6 txns
Insider
BILOTTA ANTHONY V JR
Role
EVP and Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4, F5 | 7,578 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4, F5 | 3,561 | $9.52 | $34K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 98,546 shares (Direct);
Stock Options — 100,000 shares (Direct);
Common Stock — 13,136 shares (Indirect, By ESOP);
Common Stock — 334 shares (Indirect, By BEP);
Common Stock — 133 shares (Indirect, By 401(k))
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: 7,578 shares of Common Stock
Tax/exercise settlement shares: 3,561 shares at $9.52 per share
Stock options position: 100,000 underlying shares at $13.55
+3 more
6 metrics
RSU grant
7,578 shares of Common Stock
Restricted stock unit grant on August 7, 2026
Tax/exercise settlement shares
3,561 shares at $9.52 per share
Shares delivered or withheld for exercise price or tax liability on August 7, 2026
Stock options position
100,000 underlying shares at $13.55
Stock options on Common Stock expiring September 15, 2028
ESOP indirect holdings
13,136 shares
Common Stock held indirectly by ESOP
BEP indirect holdings
334 shares
Common Stock held indirectly by BEP
401(k) indirect holdings
133 shares
Common Stock held indirectly by 401(k)
Key Terms
Restricted stock units, Section 16, Employee Stock Ownership Plan, Stock Options
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 regulatory
"transactions not required to be reported pursuant to Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Employee Stock Ownership Plan financial
"Common Stock, indirect ownership nature described as By ESOP"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
Stock Options financial
"Stock Options with underlying Common Stock and exercise price"
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.
FAQ
What did KRNY executive Anthony V. Bilotta Jr. receive in this Form 4 filing?
Anthony V. Bilotta Jr. received a grant of 7,578 shares of Common Stock in the form of restricted stock units. These units vest 33% per year starting August 7, 2027, adding to his long-term incentive compensation tied to Kearny Financial Corp.
What stock options does the KRNY executive report holding?
Anthony V. Bilotta Jr. reports stock options over 100,000 shares of Kearny Financial Corp. Common Stock. These options have an exercise price of $13.55 and an expiration date of September 15, 2028, representing a significant remaining derivative position.
How do the new KRNY restricted stock units for Bilotta vest over time?
The newly granted 7,578 restricted stock units vest at a rate of 33% per year, starting on August 7, 2027. Existing holdings also include RSUs vesting 33% annually beginning on August 7 of 2024, 2025, and 2026, according to the footnotes.
Was the KRNY Form 4 filed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. Footnotes instead focus on restricted stock unit vesting schedules and note that certain plan-related transactions are not required to be reported under Section 16.
AI-generated analysis. How Rhea-AI works. Not financial advice.
