Mark Finser 4
Research Summary
AI-generated summary
Amalgamated Financial (AMAL) Director Mark Finser Receives RSU Award
What Happened
Mark Finser, a director of Amalgamated Financial Corp. (AMAL), was granted 1,623 restricted stock units (RSUs) on May 20, 2026. The grant was recorded at a grant-date fair value of $40.05 per unit, totaling approximately $65,001. This is an award/compensation grant (transaction code A), not an open-market purchase or sale of shares.
Key Details
- Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-22) — filing appears timely.
- Grant details: 1,623 RSUs @ $40.05 per unit; aggregate grant value ≈ $65,001.
- Vesting: RSUs vest in one installment on the first anniversary of the grant (per footnote). Each RSU is a contingent right to one share upon vesting.
- Shares owned after transaction: Not disclosed on the Form 4 (or not reported in the filing excerpt).
- Transaction code: A = Award/Grant (not a purchase/sale).
- No 10b5-1 plan, tax withholding, or cashless exercise noted in the filing excerpt.
Context
RSUs are a form of compensation and do not result in immediate share ownership until they vest; they are commonly used to retain directors and executives. Because this is an award rather than an open-market buy, it should be viewed as compensation-related rather than a direct signal of the insider buying or selling stock.