Thomas DeMedici - 07 Jan 2024 Form 4 Insider Report for Kearny Financial Corp. (KRNY)

Role
EVP and CCO
Signature
/s/ Gail Corrigan, pursuant to power of attorney
Issuer symbol
KRNY
Transactions as of
07 Jan 2024
Net transactions value
-$24,052
Form type
4
Filing time
08 Jan 2024, 15:36:04 UTC
Previous filing
08 Aug 2023
Next filing
08 Aug 2024
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 +5,000 +7.4% $0.000000 72,197 07 Jan 2024 Direct F1, F2, F3, F4, F5
transaction KRNY Common Stock Tax liability $24,052 -2,771 -3.8% $8.68 69,426 07 Jan 2024 Direct F2, F3, F4, F5
holding KRNY Common Stock 34,489 07 Jan 2024 By 401(k) F6
holding KRNY Common Stock 21,561 07 Jan 2024 By ESOP F6
holding KRNY Common Stock 658 07 Jan 2024 By BEP F6

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 50,000 07 Jan 2024 Common Stock 50,000 $13.38 Direct F7
holding KRNY Stock Options 100,000 07 Jan 2024 Common Stock 100,000 $15.35 Direct
holding KRNY Stock Options 34,510 07 Jan 2024 Common Stock 34,510 $10.71 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 7, 2019 the reporting person was granted 25,000 shares of restricted stock which vest at a rate of 20% per year commencing on January 7, 2020, subject to certain performance criteria. The performance criteria for the fiscal year ended June 30, 2023 were met, resulting in the vesting of 5,000 shares of restricted stock.
F2 Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2024.
F3 Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2023.
F4 Includes restricted stock units which vest at a rate of 33% per year commencing on August 7, 2022.
F5 Includes shares of restricted stock which vest at a rate of 20% per year commencing on January 7, 2020.
F6 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F7 Stock options vest at a rate of 20% per year commencing on January 7, 2020.