Kearny (KRNY) Form 4 shows RSU vesting and 150k options for COO
Rhea-AI Filing Summary
Kearny Financial Corp. SEVP and COO Keith Suchodolski reported insider transactions dated 08/07/2025 on Form 4. The filing shows an acquisition of 19,641 shares (noted as restricted stock units) at a reported price of $0 and a separate transaction involving 3,123 shares at $5.86. Following the reported activity the filing lists beneficial ownership figures of 111,694 and 108,571 shares (direct). The report also discloses two outstanding stock option grants totaling 150,000 underlying shares (75,000 each) with exercise prices of $13.38 and $15.35, exercisable through 2026 and 2029. Explanatory notes state the restricted stock units vest at 33% per year with staggered commencement dates. The form is signed under power of attorney and dated 08/08/2025.
Positive
- Substantial insider stake disclosed: beneficial ownership reported at 111,694 shares and 150,000 underlying options, showing continued executive exposure to equity
- Clear RSU vesting schedule: restricted stock units vest at 33% per year with specified commencement dates, improving transparency on future share issuance and executive alignment
- Detailed option disclosure: two option grants shown (75,000 each) with exercise prices of $13.38 and $15.35 and expiration dates provided
Negative
- None.
Insights
TL;DR: Routine insider compensation and holding disclosure; shows meaningful option position and staged RSU vesting rather than a large open-market purchase or sale.
The Form 4 documents scheduled compensation-related equity and routine transactions rather than an unexpected open-market accumulation or divestiture. The reporting officer retains substantial exposure via 111,694 reported beneficial shares and 150,000 underlying options, while RSUs carry explicit 33% annual vesting schedules. These items affect potential future dilution and insider alignment but do not, by themselves, indicate a material change in corporate control or a liquidity event.
TL;DR: Disclosure is standard for executive compensation and meets Section 16 reporting norms; vesting schedules and option details are clearly documented.
The filing provides clear documentation of equity-based compensation mechanics: restricted stock units with staggered vesting and two long-dated option grants with stated exercise prices and expirations. Signature by an attorney-in-fact is included, indicating administrative processing. From a governance perspective, the filing is informational and routine, enhancing transparency about management incentives and potential future insider stock availability.