Tenner Mandy 4
Research Summary
AI-generated summary
Amalgamated Financial (AMAL) EVP/CLO Mandy Tenner Sells 776 Shares
What Happened
- Mandy Tenner, EVP and Chief Legal Officer of Amalgamated Financial Corp. (AMAL), sold 776 shares in an open-market transaction on March 10, 2026. The shares were disposed at $37.88 each, for total proceeds of approximately $29,395. This was a sale (often routine) rather than a purchase.
Key Details
- Transaction date and price: 2026-03-10, 776 shares sold at $37.88 per share.
- Total value: roughly $29,395.
- Transaction type/code: Open-market sale (S).
- Shares owned after transaction: Not specified in the details provided.
- Footnote: Sale executed under a prearranged Rule 10b5-1 trading plan adopted by the reporting person on 2025-08-14.
- Filing timeliness: Form 4 filed 2026-03-12 for the 2026-03-10 transaction — appears timely (not indicated as late).
Context
- The use of a 10b5-1 plan generally means the sale was preplanned and may be routine, which can limit the inference that the insider traded on nonpublic information. Sales are common for diversification or liquidity needs; purchases are typically considered stronger signals of insider bullishness.