Amalgamated Financial (AMAL) CFO Jason Darby Sells Shares

What Happened

• Jason Darby, Senior Executive Vice President and Chief Financial Officer of Amalgamated Financial Corp. (AMAL), disposed of shares in two related transactions. On 2026-09-01, 5,504 shares were withheld to cover tax liabilities tied to a restricted stock unit (RSU) vesting (withholding price $47.34, value $260,559). On 2026-09-02, he sold 1.36 shares in an open-market transaction at $48.20 per share (value $66). Both are disposals (sales/withholding) and are generally routine rather than explicit positive buying signals.

Key Details

• Transaction dates and prices:
  • 2026-09-01: Tax withholding on RSU vesting — 5,504 shares at $47.34 each (disposed) = $260,559. (Code F)
  • 2026-09-02: Open-market sale — 1.36 shares at $48.20 each (disposed) = $66. (Code S)
• Footnotes:
  • F1: Shares withheld were related to the vesting of an RSU installment originally awarded 2025-09-01.
  • F2: Beneficial ownership reported includes 8.34 shares acquired via the dividend reinvestment program, assigned to deferred share units.
• Shares owned after transaction: Not fully specified in the excerpt; filing notes beneficial ownership includes the 8.34 DRIP/DSU shares.
• Filing/timeliness: Form 4 filed 2026-09-03 reporting transactions on 2026-09-01 and 2026-09-02 — appears timely (no late filing indicated).

Context

• The larger transaction was tax withholding tied to RSU vesting (common and administrative); the small open-market sale likely reflects disposition of fractional shares or routine sale. These actions are disposals and do not, by themselves, indicate the insider’s investment conviction. Purchases generally carry more weight for signaling than routine tax-withholding or small sales.