Kearny Financial Corp. — Form 10-K
Filed August 21, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 28/100
What the filing says
Kearny Bank adopted an Amended and Restated Change in Control Severance Pay Plan effective April 15, 2026, superseding the prior plan from April 2022. The plan covers officers with title of 1st Vice President or higher with ≥1 year service. Eligible participants receive severance equal to (years of service) × (2 weeks base compensation), capped at 6 months base pay, payable within 5 business days of termination during the 12-month period following a change-in-control event (merger, 25%+ ownership change, board majority turnover in 2 years, or asset sale). No dollar amounts for specific participants are disclosed.
Why this rating
Standard administrative severance plan amendment; no specific dollar costs disclosed. Routine governance change ~0.05% of $418M market cap.
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