Kelly A. Herreman - Mar 31, 2025 Form 4 Insider Report for PARK NATIONAL CORP /OH/ (PRK)

Role
Chief Accounting Officer
Signature
/s/ Brady T. Burt, Attorney-in-Fact for Kelly A. Herreman
Stock symbol
PRK
Transactions as of
Mar 31, 2025
Transactions value $
-$35,984
Form type
4
Date filed
4/2/2025, 05:27 PM
Previous filing
Apr 2, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRK Common Shares Award +263 +16.03% 1.9K Mar 31, 2025 Direct F1
transaction PRK Common Shares Tax liability -$14.9K -98.7 -5.19% $151.40 1.8K Mar 31, 2025 Direct
transaction PRK Common Shares Options Exercise +338 +18.74% 2.14K Mar 31, 2025 Direct F2
transaction PRK Common Shares Tax liability -$21K -139 -6.5% $151.40 2K Mar 31, 2025 Direct
holding PRK Common Shares 2.82K Mar 31, 2025 KSOP F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRK PBRSUs Options Exercise -338 -100% 0 Mar 31, 2025 Common Shares 338 Direct F2
transaction PRK PBRSUs Award +263 263 Mar 31, 2025 Common Shares 263 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective March 31, 2025 (the "2022 PBRSU Certification Date"), the Executive Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person effective January 20, 2022. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved are also subject to a service-based vesting requirement with 50% vesting (resulting in the right to receive the number of common shares shown in the first row in Table I) on the 2022 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2022 PBRSU Certification Date (shown in the second row in Table II as a derivative security).
F2 These common shares of Park were acquired upon the satisfaction of a service-based vesting requirement whereby PBRSUs were converted into Park common shares on a one-for-one basis.
F3 The number of common shares reported as beneficially owned differs due to shares acquired under Park's employee stock ownership plan (the "KSOP").