Kearny Financial EVP receives 8,062-share RSU grant
Kearny Financial Corp. EVP and CLO Patrick M. Joyce reported equity compensation activity involving Common Stock and stock options.
Rhea-AI Filing Summary
Kearny Financial Corp. EVP and CLO Patrick M. Joyce reported equity compensation activity involving Common Stock and stock options. On August 7, 2026, Joyce received a grant of 8,062 restricted stock units, which vest at 33% per year starting August 7, 2027. On the same date, 4,517 shares of Common Stock at $9.52 per share were delivered or withheld for payment of exercise price or tax liability. Joyce also reports stock options on 150,000 shares of Common Stock at an exercise price of $15.35 expiring December 1, 2026, and indirect holdings through an ESOP, 401(k), and BEP plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Joyce Patrick M
Role
EVP and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3, F4 | 8,062 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2, F3, F4 | 4,517 | $9.52 | $43K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,410 shares (Direct);
Stock Options — 150,000 contracts (Direct);
Common Stock — 65,015 shares (Indirect, By ESOP);
Common Stock — 39,229 shares (Indirect, By 401(k));
Common Stock — 2,584 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: 8,062 shares
Shares delivered/withheld: 4,517 shares
Per-share price for code F: $9.52 per share
+5 more
8 metrics
RSU grant
8,062 shares
Restricted stock units granted August 7, 2026, vesting 33% per year from August 7, 2027
Shares delivered/withheld
4,517 shares
Code F transaction for exercise price or tax liability at $9.52 per share on August 7, 2026
Per-share price for code F
$9.52 per share
Common Stock shares delivered or withheld for payment of exercise price or tax liability
Stock options exercise price
$15.35 per share
Exercise price of stock options on 150,000 underlying Common Stock shares
Underlying option shares
150,000 shares
Common Stock underlying reported stock options expiring December 1, 2026
ESOP indirect holdings
65,015 shares
Indirect ownership of Common Stock held by ESOP
401(k) indirect holdings
39,229 shares
Indirect ownership of Common Stock held by 401(k)
BEP indirect holdings
2,584 shares
Indirect ownership of Common Stock held by BEP
Key Terms
Restricted stock units, Exercise price, Stock Options, ESOP, +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.
Exercise price financial
"Payment of exercise price or tax liability by delivering or withholding securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Stock Options financial
"Stock Options on Common Stock with an exercise price of 15.3500"
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 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity grant did Kearny Financial (KRNY) EVP and CLO Patrick M. Joyce report?
Patrick M. Joyce reported a grant of 8,062 restricted stock units of Kearny Financial Corp. Common Stock on August 7, 2026. These units vest at 33% per year, beginning August 7, 2027, providing time-based equity compensation to the executive.
What does the Form 4 code F transaction for KRNY represent on August 7, 2026?
The code F transaction covers 4,517 shares of KRNY Common Stock at $9.52 per share. These shares were delivered or withheld for payment of exercise price or tax liability, rather than being an open-market sale or purchase.
What stock options position did KRNY’s Patrick M. Joyce report?
Patrick M. Joyce reported stock options over 150,000 shares of Kearny Financial Common Stock with an exercise price of $15.35 per share. These options have an expiration date of December 1, 2026, indicating a sizeable remaining derivative position.
How do the reported restricted stock units for KRNY vest over time?
The Form 4 notes restricted stock units that vest at 33% per year. One grant of 8,062 units starts vesting on August 7, 2027, and other included restricted stock units vest annually beginning August 7, 2024, 2025, and 2026.
Were KRNY insider transactions under a Rule 10b5-1 trading plan?
The filing’s 10b5-1 checkbox is not marked as affirmative, and no footnote states that the August 7, 2026 transactions were made under a Rule 10b5-1 plan. The transactions are reported without a pre-arranged plan designation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
