Tenner Mandy 4

What Happened
Mandy Tenner, EVP and Chief Legal Officer of Amalgamated Financial Corp. (AMAL), received an award of 2,114 shares on January 20, 2026 (performance stock units that vested Jan 1, 2026 and were approved for release Jan 20). As part of the release, 771 shares were withheld to cover taxes at an effective withholding price of $32.03 per share (total value withheld ≈ $24,695). The award shares are reported as acquired at $0.00 (grant/award).

Key Details

• Transaction dates: performance units vested Jan 1, 2026; release/award and withholding recorded Jan 20, 2026; Form 4 filed Jan 22, 2026 (appears timely).
• Award: 2,114 shares reported as acquired (code A) at $0.00.
• Tax withholding: 771 shares withheld (code F) at $32.03, proceeds ≈ $24,695.
• Shares owned after the transaction: the filing’s total includes additional small amounts — 37.66 shares from the Employee Stock Purchase Program, 17.25 shares from dividend reinvestment, and 0.50 RSU assigned to deferred RSUs (reported as part of the ownership total).
• Footnotes: F1 notes units vested Jan 1 and were approved for release Jan 20; F2 clarifies the withheld shares relate to the release; F3 explains the composition of the reported ownership total.
• Transaction type: award/release with tax-withholding; not an open-market sale or purchase by the insider.

Context
This was a release of vested performance stock units, not an open-market purchase or discretionary sale. The 771-share disposition is a tax withholding event (routine), which reduces the net shares received rather than indicating a market-sale decision. For retail investors, awards/withholdings are common compensation mechanics and are informational but not necessarily a signal of the insider’s view on the stock.