Amalgamated Bank (AMAL) has issued an announcement.
Amalgamated Financial Corp. awarded significant stock bonuses to its top executives, including the CEO, CFO, and Chief Banking Officer, with values ranging from $125,000 to $750,000. These awards, vested over three years, aim to retain key leaders amid a tough period in the banking sector. Additionally, the Corporation’s Board updated their Bylaws to align with new universal proxy rules, enhancing the governance framework in line with regulatory changes.
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