Parham Medhat - 25 Jan 2022 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role
EVP, Chief Ops & Tech Officer
Signature
/s/ Dawn Alger, power of attorney for Parham Medhat
Issuer symbol
LBC
Transactions as of
25 Jan 2022
Net transactions value
$0
Form type
4
Filing time
27 Jan 2022, 14:12:41 UTC
Previous filing
04 Jan 2022
Next filing
11 May 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 +11,586 +60% $0.000000 30,746 25 Jan 2022 Direct F1
* 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.