Insider Selling Spree Continues at Amalgamated Financial Corp.
Amalgamated Financial Corp. (AMAL) has once again seen a bulk sale by one of its top executives, EVP and Chief Legal Officer Tenner Mandy, who off‑loaded 607 shares on February 24th at $38.63 each. The transaction was executed under a Rule 10b‑5‑1 trading plan that Mandy had adopted on December 4, 2024, a move that signals confidence in the long‑term trajectory of the company while allowing her to rebalance her personal portfolio. The sale reduces her holdings to just over 21 000 shares, roughly 0.4 % of the outstanding shares, and comes on the heels of a series of short‑term disposals in the preceding week.
What It Means for Investors
The price of AMAL has slipped 5.8 % over the last week, but the stock remains firmly in a bullish trend, trading near its 52‑week high of $42.66. The insider sale does not appear to be a signal of impending trouble; instead, it aligns with a broader pattern of disciplined, plan‑based selling that executives use to manage tax liabilities and diversify holdings. Historically, AMAL’s insiders have sold in small, regular tranches rather than in large, panic‑driven bursts, and the company’s fundamentals—strong deposit growth, a solid balance sheet, and a modest 12.18 P/E ratio—continue to support its valuation. That said, the recent uptick in social‑media buzz (10.1 % communication intensity) and a positive sentiment score (+9) suggest that investors are watching insider activity closely, and any deviation from the established pattern could be a catalyst for short‑term volatility.
Tenner Mandy’s Trading Profile
Over the past month, Tenner has completed at least six transactions: three sizable sales (263, 1,360, and 607 shares) and two purchases (2,102 and 2,114 shares). These moves are all executed under the same Rule 10b‑5‑1 plan, indicating a methodical approach rather than opportunistic trading. Her average sale price over the last 30 days has hovered around $39.5, slightly below the current market close of $38.67, suggesting she is accepting a modest discount to lock in gains or rebalance. Compared to other senior executives—such as CFO Darby Jason, who has been selling in larger blocks (up to 1,486 shares)—Mandy’s activity is comparatively modest, reinforcing the view that her sales are driven by personal financial management rather than a lack of confidence in the business.
Outlook for AMAL
With deposit growth in Q4 2025 and a solid earnings profile, AMAL’s prospects remain attractive. The recent insider selling spree is unlikely to undermine that outlook, but it does underscore the importance of monitoring the timing and volume of future sales. If insiders continue to sell in small, plan‑based tranches while the stock remains above its 52‑week low, the market can interpret that as a sign of stewardship rather than distress. For investors, the key is to stay focused on the company’s financial health and strategic initiatives—such as its expansion into digital banking—and to weigh insider activity against broader market sentiment and company fundamentals.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-24 | Tenner Mandy (EVP, Chief Legal Officer) | Sell | 607.00 | 38.63 | Common Stock |
