SALOUTOS STEVEN 4
Research Summary
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Amalgamated Financial (AMAL) Director Steven Saloutos Receives Award
What Happened Steven Saloutos, a director of Amalgamated Financial Corp. (AMAL), was granted 1,623 restricted stock units (RSUs) on May 20, 2026. The grant is reported at $40.05 per share, for a grant-date value of $65,001. This was an awards/grant transaction (code A) — not an open‑market purchase or sale.
Key Details
- Transaction date and price: May 20, 2026 — 1,623 RSUs at $40.05 each (grant value $65,001).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Footnote: RSUs vest in one installment on the first anniversary of the grant date; each RSU represents a contingent right to receive one share of AMAL stock.
- Filing: Form 4 filed May 22, 2026 (appears to be timely under Section 16 reporting rules).
Context RSU awards are a form of compensation and typically vest after a service period (here, a one‑year cliff). Because the grant is not an immediate purchase or sale of shares, it should be viewed primarily as compensation-related rather than a direct market sentiment signal.