David L. Trautman - Mar 31, 2024 Form 4 Insider Report for PARK NATIONAL CORP /OH/ (PRK)

Signature
/s/ Brady T. Burt, Attorney-in-Fact for David L. Trautman
Stock symbol
PRK
Transactions as of
Mar 31, 2024
Transactions value $
-$268,013
Form type
4
Date filed
4/2/2024, 04:34 PM
Previous filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRK Common Shares Award +2.25K +8.07% 30.1K Mar 31, 2024 Direct F1
transaction PRK Common Shares Tax liability -$141K -1.04K -3.45% $135.85 29.1K Mar 31, 2024 Direct
transaction PRK Common Shares Options Exercise +2.03K +6.96% 31.1K Mar 31, 2024 Direct F2
transaction PRK Common Shares Tax liability -$127K -935 -3% $135.85 30.2K Mar 31, 2024 Direct
holding PRK Common Shares 18.7K Mar 31, 2024 KSOP F3
holding PRK Common Shares 13.5K Mar 31, 2024 David L. Trautman Managing Agency Account
holding PRK Common Shares 13.2K Mar 31, 2024 Joan Y., spouse
holding PRK Common Shares 822 Mar 31, 2024 Joan Y., Rollover Plan
holding PRK Common Shares 346 Mar 31, 2024 Joan Y., beneficiary of The James J. Young Inherited IRA

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 -2.03K -100% 0 Mar 31, 2024 Common Shares 2.03K Direct F2
transaction PRK PBRSUs Award +2.25K 2.25K Mar 31, 2024 Common Shares 2.25K 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, 2024 (the "2021 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, 2021. 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 2,250 common shares shown in the first row in Table I) on the 2021 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2021 PBRSU Certification Date (shown in the second row in Table II as a derivative security).
F2 These PBRSUs converted into common shares of Park National Corporation on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2024.
F3 Between January 1 and March 31, 2024, the reporting person acquired 212.713 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a KSOP plan statement dated as of March 31, 2024.