Workers United - 01 Dec 2023 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Feb 2024, 16:30:24 UTC
Next SEC filing
11 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Workers United By: Lynne Fox, by Power of Attorney

Key filing fact

Workers United filed Form 4 for Amalgamated Financial Corp. (AMAL) on 06 Feb 2024.

Key facts

  • This page summarizes Workers United's Form 4 filing for Amalgamated Financial Corp. (AMAL).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 06 Feb 2024, 16:30.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$3,502,108.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AMAL transaction

Common Stock, par value $0.01 per share (Common Stock)

Sale

Transaction value
$1,197,102
Shares
-54,845
Change %
-0.68%
Price
$21.83
Shares after
7,971,506
Date
01 Dec 2023
Ownership
Direct
Footnotes
F1, F5, F8, F23, F24, F25
AMAL transaction

Common Stock

Sale

Transaction value
$113,295
Shares
-5,000
Change %
-0.06%
Price
$22.66
Shares after
7,966,506
Date
06 Dec 2023
Ownership
Direct
Footnotes
F2, F8, F23, F24, F25
AMAL transaction

Common Stock

Sale

Transaction value
$170,246
Shares
-7,402
Change %
-0.09%
Price
$23.00
Shares after
7,959,104
Date
07 Dec 2023
Ownership
Direct
Footnotes
F8, F23, F24, F25
AMAL transaction

Common Stock

Sale

Transaction value
$802,555
Shares
-34,869
Change %
-0.44%
Price
$23.02
Shares after
7,924,235
Date
08 Dec 2023
Ownership
Direct
Footnotes
F3, F8, F23, F24, F25
AMAL transaction

Common Stock

Sale

Transaction value
$1,218,910
Shares
-52,729
Change %
-0.67%
Price
$23.12
Shares after
7,871,506
Date
11 Dec 2023
Ownership
Direct
Footnotes
F4, F8, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
479,567
Date
01 Dec 2023
Ownership
Direct
Footnotes
F9, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
281,583
Date
01 Dec 2023
Ownership
Direct
Footnotes
F10, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
114,600
Date
01 Dec 2023
Ownership
Direct
Footnotes
F11, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
264,939
Date
01 Dec 2023
Ownership
Direct
Footnotes
F12, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,630,806
Date
01 Dec 2023
Ownership
Direct
Footnotes
F13, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
374,518
Date
01 Dec 2023
Ownership
Direct
Footnotes
F14, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
523,022
Date
01 Dec 2023
Ownership
Direct
Footnotes
F15, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
132,580
Date
01 Dec 2023
Ownership
Direct
Footnotes
F16, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
519,133
Date
01 Dec 2023
Ownership
Direct
Footnotes
F17, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
119,380
Date
01 Dec 2023
Ownership
Direct
Footnotes
F18, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
27,422
Date
01 Dec 2023
Ownership
Direct
Footnotes
F19, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
149,795
Date
01 Dec 2023
Ownership
Direct
Footnotes
F20, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,753
Date
01 Dec 2023
Ownership
Direct
Footnotes
F6, F21, F23, F24, F25
AMAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
$0
Date
01 Dec 2023
Ownership
Direct
Footnotes
F7, F22, F23, F24, F25
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 25 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $22.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.415 to $23.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F5

The Form 4 filed by Workers United on March 9, 2023, reported 7,945,194.8611shares of Common Stock held by Workers United, however this understated the shares of Common Stock held by Workers United by 12,668.9178 shares of Common Stock as it did not give effect to the purchase reported on the Form 4 filed by Workers United on August 15, 2022. The number of shares of Common Stock set forth on this line includes the 12,668.9178 shares of Common Stock and reflects the accurate amount of shares of Common Stock held by Workers United after giving effect to the transaction reported on this line.

Footnote F6

On November 21, 2023, Southwest purchased 4,752.85 shares of Common Stock from NY Metropolitan (as defined below) at $21.14 per share.

Footnote F7

On August 11, 2022, NY Metropolitan sold 12,668.92 shares of Common Stock to Workers United at $23.68 per share. On November 21, 2023, NY Metropolitan sold 68,487.15 shares of Common Stock to Workers United at $21.14 per share. On November 21, 2023, NY Metropolitan sold 4,752.85 shares of Common Stock to Southwest at $21.14 per share.

Footnote F8

Reflects securities directly owned by Workers United.

Footnote F9

Reflects securities directly owned by Chicago & Midwest Regional Joint Board, Workers United ("Chicago & Midwest").

Footnote F10

Reflects securities directly owned by Laundry, Distribution & Food Service Joint Board, Workers United ("Laundry, Distribution & Food Service").

Footnote F11

Reflects securities directly owned by Local 50, Workers United ("Local 50").

Footnote F12

Reflects securities directly owned by Mid-Atlantic Regional Joint Board, Workers United ("Mid-Atlantic Regional").

Footnote F13

Reflects securities directly owned by New York-New Jersey Regional Joint Board, Workers United ("New York-New Jersey Regional").

Footnote F14

Reflect securities directly owned by Pennsylvania Joint Board Workers United, SEIU ("Pennsylvania Joint Board").

Footnote F15

Reflects securities directly owned by Philadelphia Joint Board, Workers United ("Philadelphia Joint Board").

Footnote F16

Reflects securities directly owned by Rochester Regional Joint Board Fund for the Future ("Rochester Regional Fund").

Footnote F17

Reflects securities directly owned by Rochester Regional Joint Board, Workers United ("Rochester Workers United").

Footnote F18

Reflects securities directly owned by Western States Regional Joint Board, Workers United ("Western States").

Footnote F19

Reflects securities directly owned by Workers United Canada Council ("Workers United Canada").

Footnote F20

Reflects securities directly owned by Workers United, Southern Regional Joint Board ("Southern Regional").

Footnote F21

Reflects securities directly owned by Southwest Regional Joint Board ("Southwest").

Footnote F22

Reflects securities directly owned by New York Metropolitan Area Joint Board, Workers United ("NY Metropolitan").

Footnote F23

For purposes of this filing, the "Reporting Persons" means, as applicable, Workers United, Chicago & Midwest, Laundry, Distribution & Food Service, Local 50, Mid-Atlantic Regional, New York-New Jersey Regional, Pennsylvania Joint Board, Philadelphia Joint Board, Rochester Regional Fund, Rochester Workers United, Western States, Workers United Canada, Southern Regional, Southwest and NY Metropolitan.

Footnote F24

The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, any Reporting Person is the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein, if any.

Footnote F25

Information with respect to each Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC remarks

Workers United disgorged to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein.Each of the Reporting Persons may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that any Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.

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