Sam D. Brown - 10 May 2022 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Role
Executive VP
Signature
/s/ Sam Brown
Issuer symbol
AMAL
Transactions as of
10 May 2022
Net transactions value
-$1,120,902
Form type
4
Filing time
12 May 2022, 17:14:02 UTC
Previous filing
17 Feb 2022
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock Options Exercise $17,808 +991 +10% $17.97 10,731 10 May 2022 Direct
transaction AMAL Common Stock Tax liability $1,138,710 -56,964 -62% $19.99 34,287 11 May 2022 Direct

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
transaction AMAL Performance Stock Unit Options Exercise $0 +991 $0.000000 991 10 May 2022 Common Stock 991 $17.97 Direct F1
transaction AMAL Non-Qualified Stock Option (right to buy) Options Exercise $0 +42,000 $0.000000 42,000 11 May 2022 Common Stock 42,000 $11.00 Direct F2, F3
transaction AMAL Non-Qualified Stock Option (right to buy) Options Exercise $0 +38,520 $0.000000 38,520 11 May 2022 Common Stock 38,520 $12.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Performance Stock Units were subject to certain performance-based vesting requirements, attainment of which was certified by the Company's Compensation and Human Resources Committee on 5/10/2022. The Performance Stock Units vested on 5/10/2022. Shares will be delivered within 30 days of vesting.
F2 Option exercise reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 3/13/2022.
F3 Stock options vested in three equal installments on each of 1/1/2016, 1/1/2017, and 1/1/2018.
F4 Stock options vested in three equal installments on each of 1/1/2017, 1/1/2018, and 1/1/2019.