Dan Delawder - Mar 31, 2022 Form 4/A - Amendment Insider Report for PARK NATIONAL CORP /OH/ (PRK)

Role
Director
Signature
/s/ Brady T. Burt, Attorney-in-Fact for C. Daniel DeLawder
Stock symbol
PRK
Transactions as of
Mar 31, 2022
Transactions value $
-$112,588
Form type
4/A - Amendment
Date filed
5/23/2022, 12:04 PM
Date Of Original Report
Apr 4, 2022
Previous filing
Feb 10, 2022
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRK Common Shares Award +1.67K +2.95% 58.2K Mar 31, 2022 Direct F1
transaction PRK Common Shares Tax liability -$68.8K -524 -0.9% $131.38 57.7K Mar 31, 2022 Direct F2
transaction PRK Common Shares Options Exercise +1.06K +1.84% 58.7K Mar 31, 2022 Direct F3
transaction PRK Common Shares Tax liability -$43.8K -333 -0.57% $131.38 58.4K Mar 31, 2022 Direct F2
transaction PRK Common Shares Other $0 -1.87K -3.21% $0.00 56.5K Apr 29, 2022 Direct F4
transaction PRK Common Shares Other $0 +1.87K +22.86% $0.00 10.1K Apr 29, 2022 C. Daniel DeLawder Managing Agency Account F4
holding PRK Common Shares 8.2K Mar 31, 2022 C. Daniel DeLawder Managing Agency Account
holding PRK Common Shares 27.8K Mar 31, 2022 KSOP F5
holding PRK Common Shares 50.2K Mar 31, 2022 Diane S., spouse

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 -1.06K -100% 0 Mar 31, 2022 Common Shares 1.06K Direct F3
transaction PRK PBRSUs Award +1.67K 1.67K Mar 31, 2022 Common Shares 1.67K 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, 2022 (the "2019 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 1, 2019. 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 1,668.75 common shares shown in the first row in Table I) on the 2019 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2019 PBRSU Certification Date (shown in the second row in Table II as a derivative security).
F2 In the April 4, 2022 Form 4, an estimated number of Park common shares was reported as being withheld by Park in order to satisfy the tax withholding obligations of the reporting person that arose upon the vesting of the PBRSUs which were not subject to the service-based vesting requirement described in footnote (1) and the vesting of the PBRSUs that had been subject to the service-based vesting requirement described in footnote (3), as applicable. This amendment reports the correct number of common shares withheld.
F3 These PBRSUs converted into Park common shares on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2022.
F4 Reflects the transfer in April 2022 of 1,874.283 Park common shares, previously beneficially owned directly by the reporting person, to the C. Daniel DeLawder Managing Agency Account, where they are now beneficially owned indirectly.
F5 Between January 1 and March 31, 2022, the reporting person acquired 484.613 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a plan statement dated as of March 31, 2022.