Kearny Financial (KRNY) Form 4: 11,082 RSUs Granted, 2,883 Shares Disposed
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.
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