Kelly A. Herreman - Mar 31, 2022 Form 4/A - Amendment 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, 2022
Transactions value $: -$33,412
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: Feb 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRK	Common Shares	Award		+334			334	Mar 31, 2022	Direct	F1
transaction	PRK	Common Shares	Tax liability	-$19.2K	-146	-43.72%	$131.38	188	Mar 31, 2022	Direct	F2
transaction	PRK	Common Shares	Options Exercise		+248	+131.99%		436	Mar 31, 2022	Direct	F3
transaction	PRK	Common Shares	Tax liability	-$14.2K	-108	-24.88%	$131.38	327	Mar 31, 2022	Direct	F2
transaction	PRK	Common Shares	Other	$0	-327	-100%	$0.00^*	0	Apr 29, 2022	Direct	F4
transaction	PRK	Common Shares	Other	$0	+327	+58.8%	$0.00	884	Apr 29, 2022	Kelly Herreman Managing Agency Account	F4
holding	PRK	Common Shares						557	Mar 31, 2022	Kelly Herreman Managing Agency Account
holding	PRK	Common Shares						1.82K	Mar 31, 2022	KSOP	F5

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		-248	-100%		0	Mar 31, 2022	Common Shares	248		Direct	F3
transaction	PRK	PBRSUs	Award		+334			334	Mar 31, 2022	Common Shares	334		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 333.75 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 327.355 Park common shares, previously beneficially owned directly by the reporting person, to the Kelly Herreman Managing Agency Account, where they are now beneficially owned indirectly.
F5	Between January 1 and March 31, 2022, the reporting person acquired 69.132 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.