Carlos P. Naudon - Dec 7, 2023 Form 4 Insider Report for Ponce Financial Group, Inc. (PDLB)

Role
President & CEO, Director
Signature
/s/Frank Perez, as attorney in fact
Stock symbol
PDLB
Transactions as of
Dec 7, 2023
Transactions value $
$3,469,027
Form type
4
Date filed
12/11/2023, 03:39 PM
Previous filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDLB Common Stock Award $2.18M +211K +85.53% $10.33 459K Dec 7, 2023 Direct F1, F2
holding PDLB Common Stock 89.9K Dec 7, 2023 By IRA
holding PDLB Common Stock 20K Dec 7, 2023 By Banking Spectrum Inc.
holding PDLB Common Stock 12.8K Dec 7, 2023 By ESOP F3

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 PDLB Premium Stock Options Award $248K +24K $10.33 24K Dec 7, 2023 Common Stock 24K $10.33 Direct
transaction PDLB Premium Stock Options Award $252K +24K +100% $10.52 48K Dec 7, 2023 Common Stock 24K $10.52 Direct
transaction PDLB Premium Stock Options Award $257K +24K +50% $10.70 72K Dec 7, 2023 Common Stock 24K $10.70 Direct
transaction PDLB Premium Stock Options Award $261K +24K +33.33% $10.89 96K Dec 7, 2023 Common Stock 24K $10.89 Direct
transaction PDLB Premium Stock Options Award $266K +24K +25% $11.08 120K Dec 7, 2023 Common Stock 24K $11.08 Direct
holding PDLB Stock Options 62.2K Dec 7, 2023 Common Stock 62.2K $9.15 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of restricted stock units vest annually at a rate of 20% per year commencing on December 7, 2024.
F2 Includes 10,852 shares of restricted stock units, of which 5,425 shares vest on April 1, 2024 and 5,427 shares vest on April 1, 2025.
F3 Reflects ESOP allocations and dispositions that have occurred since the date of the reporting person's last ownership report
F4 Stock Options vest annually at a rate of 20% per year commencing on December 4, 2019