Amalgamated Financial (AMAL) SEVP Sam D. Brown Sells Shares

What Happened
Sam D. Brown, Senior Executive Vice President and Chief Banking Officer of Amalgamated Financial (AMAL), disposed of shares on 2026-09-01 in two related actions. First, 2,192 shares were withheld to cover tax liability related to the vesting of a restricted stock unit installment (withholding treated as a disposition) at $47.34 per share, totaling $103,769. Separately, Brown sold approximately 3.699 fractional shares in the open market (fractional lots sold across 9/1–9/2 at prices shown below), for roughly $175.51 in proceeds. These actions are tax-withholding and small open-market sales, not new purchases.

Key Details

• Transaction dates: primary actions on 2026-09-01 (open-market fractional sale also includes 2026-09-02 for a tiny lot).
• Prices and amounts:
  • Tax withholding: 2,192 shares withheld at $47.34/share = $103,769 (reported as code F).
  • Open-market fractional sales (code S): 2.9301 shares sold 9/1/2026 at $47.26; 0.76 shares sold 9/1/2026 at $48.07; 0.0086 shares sold 9/2/2026 at $47.34 — total ≈ 3.699 shares, proceeds ≈ $175.51.
• Shares owned after transaction: the filing excerpt does not state a complete post-transaction total. It notes holdings that include 687 ESPP shares and 124.7387 shares from dividend reinvestment programs (see footnote F2).
• Footnotes of note:
  • F1: Withholding relates to RSU installment awarded 9/1/2025.
  • F2: Column 5 holdings include 687 ESPP shares and 124.7387 DRIP shares.
  • F3: Breaks out the fractional-sale lots and prices.
• Filing timeliness: report filed 2026-09-03 for transactions on 2026-09-01 — appears to be filed within the usual Form 4 timing requirements.

Context

• The 2,192-share disposition was a tax-withholding action tied to RSU vesting (a routine administrative sale) rather than an independent market-driven sell decision. The small fractional-share sales were minor and totaled under $200. These types of filings usually reflect compensation settlement and administrative sales rather than directional insider bets on the stock.