BENEFIT PLANS

6 Months Ended

Dec. 31, 2025

Components of Net Periodic Expense

The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan, Directors’ Consultation and Retirement Plan, Atlas Bank Retirement Income Plan and Supplemental Executive Retirement Plan:


	Three Months Ended December 31,				Six Months Ended December 31,				Affected Line Item in the Consolidated Statements of Income
	2025		2024		2025		2024
	(In Thousands)
Service cost	$	148	$	18	$	296	$	36	Salaries and employee benefits
Interest cost	104		97		208		180		Other expense
Accretion of unrecognized gain	(35)		(27)		(71)		(53)		Other expense
Expected return on assets	(23)		(22)		(45)		(45)		Other expense
Net periodic benefit cost	$	194	$	66	$	388	$	118

2021 Equity Incentive Plan

During the six months ended December 31, 2025, the Company granted 484,802 restricted stock units (“RSUs”) comprised of 350,868 service-based RSUs and 133,934 performance-based RSUs. The service-based RSUs will vest in three tranches over a period of three years and the performance-based RSUs will cliff vest upon the achievement of performance measures over the three-year period ending June 30, 2028. The number of performance-based RSUs that will vest, if any, will depend on whether, and to what extent, the performance measures are achieved. Common stock will be issued from authorized shares upon the vesting of the RSUs.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Kearny Financial Corp. 10-Q