Craig Montanaro - 01 Dec 2021 Form 4 Insider Report for Kearny Financial Corp. (KRNY)

Role: President & CEO, Director
Signature: /s/ Gail Corrigan, pursuant to power of attorney
Issuer symbol: KRNY
Transactions as of: 01 Dec 2021
Net transactions value: -$276,458
Form type: 4
Filing time: 02 Dec 2021, 14:23:25 UTC
Next filing: 10 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRNY	Common Stock	Award	$0	+25,000	+14%	$0.000000	203,148	01 Dec 2021	Direct	F1, F4
transaction	KRNY	Common Stock	Tax liability	$276,458	-22,011	-11%	$12.56	181,137	01 Dec 2021	Direct	F1
holding	KRNY	Common Stock						111,411	01 Dec 2021	By 401(k)	F3
holding	KRNY	Common Stock						47,268	01 Dec 2021	By ESOP	F3
holding	KRNY	Common Stock						15,366	01 Dec 2021	By BEP	F3
holding	KRNY	Common Stock						4,417	01 Dec 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						540,000	01 Dec 2021	Common Stock	540,000	$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.