KRNY Insider: EVP/CAO Receives 11,082 RSUs; Holds 100,000 Options
Kearny Financial Corp. officer Erika Parisi reported equity activity on 08/07/2025.
Rhea-AI Filing Summary
Kearny Financial Corp. officer Erika Parisi reported equity activity on 08/07/2025. She was credited with 11,082 restricted stock units that vest at 33% per year beginning 08/07/2026 and also disposed of 2,883 shares at a price of $5.86 per share. The form shows direct beneficial ownership amounts of 167,882 and 164,999 shares following the respective transactions.
Parisi additionally holds 100,000 stock options with a $15.35 exercise price exercisable through 12/01/2026, and indirect holdings through an ESOP (67,352), a 401(k) (15,680) and a BEP (325). The report was signed by Gail Corrigan pursuant to power of attorney.
Positive
- 11,082 restricted stock units granted with explicit vesting schedule (33% per year beginning 08/07/2026) which increases alignment with shareholders
- 100,000 stock options outstanding (exercise price $15.35, exercisable through 12/01/2026) indicating significant ongoing equity exposure
Negative
- Disposition of 2,883 shares at $5.86 each reported the same day as the RSU activity, reducing direct holdings in that reported line
Insights
TL;DR: Officer received RSUs and executed a small disposition; substantial option position remains, making this a routine compensation-related filing.
The filing documents a grant of 11,082 restricted stock units with a standard 33% annual vesting schedule and a contemporaneous disposal of 2,883 shares at $5.86. The reporting person retains a sizeable equity stake, including 100,000 options exercisable through 12/01/2026. From a shareholder-impact perspective these items appear driven by compensation vesting and option grants rather than market-signaling trades; the net change in direct holdings reported on the form is limited.
TL;DR: Transactions are consistent with executive compensation vesting and option positions; disclosure appears complete but should be tracked for future vesting events.
The form specifies restricted stock units with staged annual vesting and a long-dated option position, both common components of executive pay. Indirect plan holdings (ESOP, 401(k), BEP) are disclosed separately. The signature line shows the form was executed pursuant to a power of attorney, which is acceptable when documented. This filing is routine from a governance and disclosure perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,082 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,883 | $5.86 | $17K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Restricted stock units which vest at a rate of 33% per year commencing on August 7, 2026.
- F2. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2025.
- F3. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2024.
- F4. Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2023.
- F5. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
FAQ
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What transactions did Erika Parisi report on the KRNY Form 4?
What derivative securities does Parisi hold?
Does Parisi have any indirect holdings disclosed on the Form 4?
Who signed the Form 4 on behalf of the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.