Timothy A. Swansson, who serves as Executive Vice President and CTIO of Kearny Financial Corp. (NASDAQ: KRNY), completed the sale of 4,000 shares of the bank's common stock on March 10, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the disposition occurred across five separate trades, executed at prices between $7.59 and $7.61, for a total consideration of $30,391.
The market price of Kearny Financial common stock currently sits at $7.28, which is below the levels at which Swansson sold his shares. An InvestingPro analysis included in the filings indicates the stock appears undervalued. The Form 4 shows the sale reduced Swansson's direct holdings to 55,833 shares.
In addition to that direct ownership, the filing details Swansson's indirect holdings: 29,474 shares held "By ESOP" and 10,835 shares held "By 401(k)." He also retains 75,000 stock options exercisable for company common stock at an exercise price of $15.35; those options expire on December 1, 2026.
Dividend profile and recent financials
Kearny Financial has maintained a dividend for 12 consecutive years and offers a 6% dividend yield, as noted in InvestingPro Tips. Recent quarterly results show the bank producing stable profitability: for the fourth quarter of 2025, net income reached $9.4 million, or $0.15 per diluted share, nearly unchanged from the prior quarter's net income of $9.5 million.
Net interest income edged up to $38.0 million from $37.7 million in the previous quarter, and the company's net interest margin increased by four basis points to 2.14%. The filings and commentary attribute the margin improvement in part to a liability-sensitive balance sheet that has benefited from recent Federal Reserve rate cuts.
Context and holdings after the sale
After the reported trades on March 10, 2026, Swansson's direct ownership sits at 55,833 shares, with additional indirect holdings via ESOP and 401(k) plans. He retains in-the-money exposure through the 75,000 outstanding options, which remain exercisable at $15.35 until their December 1, 2026 expiration date.
The SEC Form 4 disclosure provides a snapshot of an insider liquidity event alongside Kearny Financial's recent operational metrics. Together, the transactions and the company's quarterly results offer investors data points on insider positioning, dividend continuity, and modest margin improvement in the most recent quarter.