SIMONE LAGOMARSINO - 25 Jan 2022 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role
President CEO, Director
Signature
/s/ Dawn Alger, power of attorney for Simone Lagomarsino
Issuer symbol
LBC
Transactions as of
25 Jan 2022
Transactions value $
$0
Form type
4
Filing time
27 Jan 2022, 14:25:09 UTC
Next filing
29 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Award $0 +57,930 +65.5% $0.000000 146,394 25 Jan 2022 Direct F1
holding LBC Common Stock 173,828 25 Jan 2022 By Self as Trustee of the Allan and Lagomarsino Revocable Trust UAD 2/10/2017, as amended F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received a restricted stock award subject to a three-year vesting schedule, vesting 33.34% on January 1, 2023, 33.33% on January 1, 2024, and 33.33% on January 1, 2025. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock shares that have vested.
F2 On 1/27/2021 52,526 shares and on 1/06/2022 79,008 shares previously held by the reporting person directly were transferred into the Allan and Lagomarsino Revocable Trust UAD 2/10/2017 (the "Trust") in a transaction exempt from Section 16 reporting pursuant to Rule 16a-13.
F3 Shares of Common Stock are held by Ms. Lagomarsino as Trustee of the Allan and Lagomarsino Revocable Trust UAD 2/10/2017, as amended. Ms. Lagomarsino possesses the voting and investment power with respect to the shares of Common Stock held by the trust.