VELUSWAMY LESLIE 4
Research Summary
AI-generated summary
Amalgamated Financial (AMAL) EVP Leslie Veluswamy Withholds 258 Shares
What Happened
Leslie Veluswamy, EVP & Chief Accounting Officer of Amalgamated Financial Corp. (AMAL), had 258 shares withheld to cover tax obligations related to a restricted stock unit (RSU) vesting. The shares were valued at $39.93 each, for a total withholding value of $10,302. This was a tax-withholding/net settlement transaction (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-19
- Filing date: 2026-02-23 (filed within the required 2-business-day Form 4 window)
- Shares withheld/disposed: 258 shares at $39.93 per share; total value $10,302
- Shares owned after transaction: Not disclosed on this Form 4
- Footnote: The withholding represents shares retained to satisfy taxes on an RSU installment that vested; the RSU award was originally granted on 2025-02-19 (Footnote F1)
- Transaction code: F = shares withheld for tax withholding (routine, not a market sale)
Context
This was a routine tax-withholding transaction tied to the vesting of restricted stock units (a net-share settlement). Such withholdings are common and do not necessarily indicate the insider is selling shares in the open market or signaling a view on the company's stock.