Craig Montanaro - Dec 1, 2021 Form 4 Insider Report for Kearny Financial Corp. (KRNY)

Role
President & CEO, Director
Signature
/s/ Gail Corrigan, pursuant to power of attorney
Stock symbol
KRNY
Transactions as of
Dec 1, 2021
Transactions value $
-$276,458
Form type
4
Date filed
12/2/2021, 02:23 PM
Next filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRNY Common Stock Award $0 +25K +14.03% $0.00 203K Dec 1, 2021 Direct F1, F4
transaction KRNY Common Stock Tax liability -$276K -22K -10.83% $12.56 181K Dec 1, 2021 Direct F1
holding KRNY Common Stock 111K Dec 1, 2021 By 401(k) F3
holding KRNY Common Stock 47.3K Dec 1, 2021 By ESOP F3
holding KRNY Common Stock 15.4K Dec 1, 2021 By BEP F3
holding KRNY Common Stock 4.42K Dec 1, 2021 By Daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KRNY Stock Options 540K Dec 1, 2021 Common Stock 540K $15.35 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 1, 2017.
F2 Stock options vest at a rate of 20% per year commencing on December 1, 2017.
F3 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4 On December 1, 2016, the reporting person was granted 125,000 shares of restricted stock which vests at a rate of 20% per year commencing on December 1, 2017, subject to the satisfaction of certain performance criteria. The performance criteria for the fiscal year ended June 30, 2020 were met, resulting in the vesting of 25,000 shares of restricted stock.