Amalgamated Financial grants $1M in equity to execs; adopts universal proxy bylaw

Amalgamated Financial Corp.

CEO Priscilla Sims Brown receives $750K in time-vesting RSUs and $750K target PSUs.
CFO Jason Darby and CBO Sam Brown each receive $125K time-vesting RSUs and $125K target PSUs.
Time-vesting awards vest in three equal annual installments; PSUs cliff vest on third anniversary.
Compensation Committee cites retentive purpose given challenging bank industry year.
Bylaws amended on April 4, 2024 to incorporate universal proxy rules under Rule 14a-19.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Amalgamated Financial Corp.: Amended advance notice provisions to incorporate universal proxy regulations under Rule 14a-19 (effective 2024-04-04).

Change: bylaw amendment
Effective: 2024-04-04

Exact text from the filing

On April 4, 2024, the Board of Directors of the Corporation approved amendments to the advance notice provisions of the Company’s Bylaws to incorporate the universal proxy regulations under Rule 14a-19 of the Securities Exchange Act of 1934, as amended.

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263 governance changes filed in the last 30 days. Browse all governance changes →

Amalgamated Financial Corp. filing history →

Source: SEC EDGAR

accession 0001823608-24-000098

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