Greg L. Smith - 20 Feb 2024 Form 4 Insider Report for Luther Burbank Corp

Role: SVP, General Counsel & Sec.
Signature: /s/Dawn Alger, power of attorney for Greg L. Smith
Issuer symbol: N/A
Transactions as of: 20 Feb 2024
Net transactions value: -$22,401
Form type: 4
Filing time: 21 Feb 2024, 18:28:12 UTC
Previous filing: 02 Jan 2024
Next filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LBC	Common Stock	Tax liability	$22,401	-2,331	-26%	$9.61	6,716	20 Feb 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock or the release of restricted stock units previously issued. The accelerated vesting or the release of stock was in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd," f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended, pursuant to which the Issuer plans to merge with and into WaFd on or about February 29, 2024.

Content

Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock or the release of restricted stock units previously issued. The accelerated vesting or the release of stock was in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd," f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended, pursuant to which the Issuer plans to merge with and into WaFd on or about February 29, 2024.