Lynne Fox - Apr 28, 2024 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Role
Director
Signature
/s/Lynne Fox
Stock symbol
AMAL
Transactions as of
Apr 28, 2024
Transactions value $
$25,092
Form type
4
Date filed
4/30/2024, 08:00 PM
Previous filing
May 30, 2023
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock Options Exercise $25.1K +1.02K +6.91% $24.60 15.8K Apr 28, 2024 Direct F1, F2, F3, F4

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 Restricted Stocks Units Options Exercise $0 -1.02K -100% $0.00* 0 Apr 28, 2024 Common Stock 1.02K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into Common Stock on a one-for-one basis.
F2 The transaction date for the vesting of this Restricted Stock Units installment took place on Sunday, April 28, 2024. The closing price from Friday, April 26, 2024, was utilized for the purpose of this transaction.
F3 The total reported in this Column 5 includes 11,322 shares of Common Stock owned outright and 3,439 unvested Restricted Stock Units awarded on May 25, 2023, previously reported under Table I of a Form 4.
F4 The prior Form 4 overreported total ownership by 28,152 shares, but total ownership has been corrected in this Form.
F5 On April 28, 2021, the reporting person was granted 3,054 Restricted Stock Units due to vest in three annual installments starting on the first anniversary of the grant date.

Remarks:

On May 30, 2023, a Form 4 was filed on behalf of the reporting owner that mistakenly reported the reporting owner's 23,660 non exercised Non-Qualified Stock Options, 1,020 unvested Restricted Stock Units, previously filed under Table II of a Form 4, and an additional 3,472 shares of Common Stock not owned by the reporting person under Column 5 of Table I. This remark serves to reconcile the inconsistency in the total amount reported under Table I of Colum 5 between the Form 4 filed on May 30, 2023 and this Form 4 filed on April 30, 2024.